Good early morning folks, it’s Adam here in Sydney. Here’s what you require to understand to start your day.
Today’s must-reads:
• Inflation in Australia cooled
• Pimco believes economic crisis is coming
• BHP reckons nuclear restriction must end
Australia’s inflation rate slowed more than anticipated in May, boosting the case for the country’s reserve bank to pause its 14-month tightening up cycle at next week’s conference. The Aussie dollar and bond yields dropped on the news.