ASX 200 falls on inflation beat; RBA needs to stay 'vigilant': Kent; Star picks McCann as CEO
Inflation rose 4 per cent in 12 months to May; RBC, NAB push back cut call. August rate hike: Deutsche, UBS. AUD jumps. Harvey Norman tanks. Star lifts on Steve McCann as CEO.
Welcome to the Trading Day blog for Wednesday, June 26. The ASX 200 index closed down 0.7 per cent to 7783 points, with property and consumer discretionary stocks the worst performers.
The Aussie dollar is trading around US66.79c at 5.05pm AEST after the May inflation update.
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