Monday Market Highlights: 12 June 2023

In this week’s Monday Market Highlights, Sustainable Investment Analyst Nick Morgan discusses the RBA’s surprising rate hike, Australia’s Q1 GDP growth, a lower than forecasted ISM services print in the US, a second quarter of negative growth for the EU, and the China inflation print coming in slightly below expectation for May. In equity news, Nick looks into EBBOS losing its major contract with the Chemist Warehouse, Infratil’s announced acquisition of the remaining 50% of One NZ, Auckland Council’s selling down of their stake in Auckland International Airport, and downgrades for ASX Limited and Baby Bunting. This podcast is intended to provide general information only. It does not take into account your investment needs or personal circumstances. It is not intended to be viewed as investment or financial advice. Should you require financial advice you should always speak to a Financial Adviser. Past performance is not a reliable indicator of future performance. Milford is an active fund manager with views and portfolio positions subject to change.