Inflation cooling, growth resilient – GPS Wealth Monthly Market Update

Virtuous present the June GPS Wealth Monthly Market Update. These updates from our licensee group assist us with strategies and give context to investment decisions.

In the June update:

  • There is a pleasing finding in the inflation report, which showed a sharp fall in headline inflation, from 6.8% in April, to 5.6% in May.
  • Positive results in the Australian resource sector for June, rising by 4.55% in June
  • Housing supply is unfortunately likely to remain constrained upto and potentially beyond 2024

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