Globe News Wire
02 Jun 2026, 06:27 UTC · 3h ago
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The Reserve Bank of Australia raised the official cash rate to 4.35% on May 5, 2026, marking the third consecutive increase this year. — Consecutive rate hikes increase borrowing costs and typically put downward pressure on equity valuations and risk appetite.
-0.60Australia's inflation rate reached 4.6% in the year ending March 2026. — Elevated inflation erodes real returns and signals continued pressure on the central bank to maintain a hawkish monetary policy.
-0.40Pengana Capital Group reported A$3,665 million in funds under management as of April 30, 2026. — Provides a factual scale of the manager's assets, though not a significant enough move to trigger broad market volatility.
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