Global Market Review July 2018

Global Market Review July 2018

Aug 03, 2018 admin Alternative Assets, Australian economy, Equity, Fixed Income, Global economy, news 0 Comment

  • Australian stocks added 1.4% for the month despite a fall in resource prices and related stocks. Gold fell 2.5%, oil off almost 7% to $74.25, and iron ore remained firm at $68.50.
  • The Reserve Bank continued to hold rates steady at 1.50%, as did the US Federal Reserve at 1.75-2%. The Fed is still expected to raise rates two more times this year.
  • US stocks and Euro stocks added almost 4% in the month. Global bond yields rose on fears the Japanese would change their bond buying policy, and which caused losses for investors.
  • Trade wars escalated as the US published a list of $200b of Chinese imports that would be subject to a 10% tariff.

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