ASX 200 Gains 0.24% to 8,808 as Australia Inflation Eases to 4%
Updated
Updated · ABC News · Jun 24
ASX 200 Gains 0.24% to 8,808 as Australia Inflation Eases to 4%
3 articles · Updated · ABC News · Jun 24
Summary
The ASX 200 closed up 21 points at 8,808.4 after May headline inflation slowed to 4% from 4.2%, giving the market a modest lift.
ABS data still kept August RBA hike risk alive because trimmed mean inflation—the central bank’s preferred core measure—rose to 3.6% from 3.4%, even as lower energy prices helped cool the headline rate.
The Australian dollar briefly slipped below 69 US cents and touched an 11-week low after the release, before ending roughly flat at 69.12 US cents.
Healthcare and technology led the advance, with WiseTech Global jumping more than 14%, while materials and energy lagged despite a broader global tech sell-off that hit Wall Street overnight.