MM likes NVDA, but unlickley to buy new highs

26/05/2023

MM likes NVDA, but unlickley to buy new highs

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Afternoon report 24/06/2026

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The local market broke a four-day losing streak today, with the ASX 200 grinding higher as investors weighed a mixed May inflation print. Headline CPI cooled to 4% — softer than the 4.3% expected, largely on falling fuel prices — but the RBA's preferred trimmed mean measure accelerated to 3.6%, above forecasts, keeping underlying inflation pressures alive. The Aussie dollar slumped to an 11-week low before paring losses, as markets turn to Thursday's jobs report and an evening speech from RBA deputy governor Andrew Hauser for the next steer on policy.

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