Afternoon market wrap: Shares run out of steam

Australia's Consumer Price Index (CPI) rose 3.8% in the 12 months to June, down from 4% in the 12 months to May 2026, according to the Australian Bureau of Statistics (ABS).

Emerging markets, commodities and maturing private assets took the shine away from equities, helping deliver nearly 12% p.a. for NGS Super members over the last financial year.

The Australian Taxation Office (ATO) released new guidance for SMSFs affected by the looming limited recourse borrowing arrangement (LRBA) changes for residential property, with the SMSF Association (SMSFA) saying it provides important clarity for trustees ahead of the reform.

Igneo Infrastructure Partners has launched a dedicated Australian distributed energy platform, Vertis Energy, alongside a series of acquisitions that will provide the business with an initial portfolio of 46 MW of solar assets.