In this week’s Monday Market Highlights, Sustainable Investment Analyst Nick Morgan discusses the RBA’s surprising rate hike, Australia’s Q1 GDP growth, a lower than forecasted ISM services print in the US, a second quarter of negative growth for the EU, and the China inflation print coming in slightly below expectation for May. In equity news, Nick looks into EBBOS losing its major contract with the Chemist Warehouse, Infratil’s announced acquisition of the remaining 50% of One NZ, Auckland Council’s selling down of their stake in Auckland International Airport, and downgrades for ASX Limited and Baby Bunting.
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