Market Close 28 Jun 24: Aussie market improves over the financial year

CommSec Market Update

Despite starting the session strongly, the Australian share market had a subdued finish to a week dominated by inflation concerns. Over the week, the market showed resilience, recovering from significant mid-week losses caused by worse-than-expected inflation data. Highlights included Mirvac's rebound after selling a major stake in a Sydney office tower, ANZ's acquisition of Suncorp's banking business, and Adore Beauty's acquisition of the premium brand iKOU. The upcoming US inflation data, French elections, and Australian retail spending data are set to influence market movements next week.

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