In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during July.
He discusses:
- July’s surprisingly strong global share gains
- The global share markets being supported by better than expected US corporate profit reports and global economic data
- How Japan’s share market rebounded in July given hope from both budget and monetary stimulus, and
- How Australian shares rose by a robust 6.3% in July. Higher coal and iron ore prices helped the commodity market.
Read the 2016 August Monthly Economic Update here.
Watch the MLC Economic update – August 2016 video below.
8 August 2016
By John Owen
Portfolio Specialist