🇦🇺 Australia — Weekly Briefs

ASX stabilizes amid RBA hold and May inflation data

Over the past week, Australian markets showed resilience with early recovery in equities following prior losses. The RBA maintained its cash rate at 4.35% after the June decision, with markets pricing limited near-term hike odds. May CPI at 4.0% y/y and unemployment at 4.4% provided context for the pause, while attention turns to the August meeting.