In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during June.
He discusses:
- How Britain’s decision to leave the European Union generated considerable turbulence in markets as well as European politics
- Some share markets recovering their balance in the final week of June following soothing comments from Britain’s central bank and the recognition that UK’s exit may take some time, and
- How Australia’s strong growth in consumer spending, housing construction and exports managed to offset the downturn in mining investment.
Read the July 2016 Monthly Economic Update here.
Watch the MLC Economic update – July 2016 video below.
9 July 2016
By Bob Cunneen
Portfolio Specialist