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Australian economy, Fixed Income, news, Global economy, Equity
The Australian stock market had a strong result in July, outperforming other developed markets.
The RBA cut interest rates by 25bps to 1%, as did the US Federal Reserve. The Fed statement suggested there would not be any more cuts unless data deteriorated further - which triggered a 1% sell off.
Iron ore strengthened by $4.50 US/t to $121, and Gold rallied to $1,427 on risk aversion.
Boris Johnson took 66% of the Conservative Party vote to become Prime Minister of the UK.
