In the May 2015 edition of the Market Update:
- Weak US Q1 2015 GDP was impacted by severe weather and port strikes
- Federal Reserve anticipated to delay decision on interest rate increases – remains data dependent
- Eurozone being positively impacted from early ECB QE implementation
- Global oil prices recover, up 25% – suggesting the lows are in place
- US corporate earnings remain resilient – but impacted by USD strength and weaker oil prices
- China remains on an easing bias – expecting further monetary stimulus
- RBA cuts the cash rate to 2.0% at its May meeting and remains on an easing bias
There’s more commentary, plus our usual tables with all the key market data on Shares, Interest Rates and Property in the linked document below.