Monday Market Highlights: 7 August 2023

In this week’s Monday Market Highlights, Investment Analyst Roland Houghton discusses the RBA’s decision to hold rates steady for the second month straight, along with the release of its quarterly statement of monetary policy which highlighted two key risks to increasing inflation – rising rents and the risk of labour productivity not improving. Roland also looks into China/Australia relations, the US June Core PCE index, the Michigan Consumer Sentiment survey, ISM manufacturing data and US employment data. In equity news, Roland highlights the ACCC blocking the sale of Suncorp’s banking arm to ANZ, RMD’s second quarter earnings, TPG, and Credit Corp. 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.