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ASX 200 flat; retail sales jump 0.7pc in May; Transurban deal concerns ACCC

Allegro Funds shapes team for PwC spin off. May retail sales growth of 0.7pc beats estimates ahead of RBA meeting on Tuesday. AMP economist Shane Oliver expects more rate hikes.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell
Retail sales data and inflation and rates commentary are driving investor sentiment. Picture: David Swift
Retail sales data and inflation and rates commentary are driving investor sentiment. Picture: David Swift
less than 2 min read
6:07AMJune 29, 2023.
Updated 5:23PMJune 29, 2023
The Australian Business Network

Welcome to the Trading Day blog for Thursday, June 29. The S&P/ASX 200 index shed 1.60 points to 7194.90 after hot retail sales appeared to have slammed the possibility of the Reserve Bank opting for a pause next week after softer-than-expected inflation data the day before.

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Original URL: https://www.theaustralian.com.au/business/trading-day/live-asx-200-may-dip-wall-st-mixed-on-powell-warning/live-coverage/4225a0b687c1062c6cc92e7cab7ffbd4