Australia’s share market is trading at its highest value since March after headline inflation eased in June, softening the odds of an incoming interest rate hike. Headline inflation fell to 3.8 per cent in the 12 months to June, down from 4 per cent in the year to May, indicating the Reserve Bank is making ground in its fight against inflation. Get the first look at the digital newspaper, curated daily stories and breaking headlines delivered to your inbox. The heavyweight financials sector improved and came within 0.7 per cent of its all-time high as ANZ and NAB led the big four banks higher, while Macquarie, insurers and most investment firms improved. In company news, shares in Perpetual Ltd eased after the financial services group knocked back an improved offer from Swedish private equity giant EQT.