Good morning folks, it’s Adam here in Sydney. Here’s what you need to know to start your day.
Today’s must-reads:
• Inflation in Australia cooled
• Pimco thinks recession is coming
• BHP reckons nuclear ban should end
Australia’s inflation rate slowed more than expected in May, bolstering the case for the nation’s central bank to pause its 14-month tightening cycle at next week’s meeting. The Aussie dollar and bond yields dropped on the news.
