Market Close 28 June 23: Investors celebrate win in the battle against inflation

The market is making back some of last weeks losses after two straight days of gains. The monthly report on consumer prices showed the annual inflation rate falling from 6.8% to 5.6% in May, well short of economist forecasts centred on 6.1%. Almost all sectors finished up except for Utilities. Harvey Norman rose on new profit guidance and Ramsay Healthcare rose after it said it was exploring the sale of a joint venture business. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

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