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Global Market Review June 2018

10
July
2018
News
Australian economy, Global economy, news, Equity, Alternative Assets, Fixed Income
  • The RBA left interest rates on hold, maintaining the same stance now for almost 2 years – a new record of stability. The consumer seems to be shopping again, with retail sales rebounding in April. Unemployment remains stable at 5.6%, and wage prices remain weak. Bond investors earned 3%, and Cash investors +1.8%.

 

  • Australian stocks for the financial year added around 13%, keeping in step with the US at around +14%. Earnings growth has helped with these gains, and the Royal Commission has seen bank valuations fall.

 

  • The Trade War spat between China and the US added volatility to complacent markets, with the Shanghai Composite being one of the worst performers for the year; shedding 11%.

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