Steve and Laura delve into a tough day for the Australian market as investors grapple with unexpected inflation data. The ASX200 plunged 1.3%, marking its worst performance in months. They analyse the factors behind this decline, focusing on the surprise jump in April's inflation rate to 3.6%, which has fuelled concerns over prolonged high interest rates.  There were broad market losses across all 11 sectors, with significant hits to consumer staples, discretionary, industrials, and financial stocks.

 

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