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2016 May edition of Godfrey Pembroke Monthly Market Update

May 17, 2016 by Anthony Joseph Brosnan

In the May 2016 edition of the Market Update:

  • The recovery in equity and commodity prices continued in April, helped by reasonable economic data and commentary from central banks that implied interest rates would remain lower for longer.
  • Oil prices continued to move higher, up another 20% in April. Iron ore prices rose 23% over the month.
  • China growth figures were reasonably solid.
  • US economic data was on-balance somewhat mixed, in part due to the stronger US Dollar which has hurt certain industry sectors such as exporters.
  • Economic data in Europe has been stronger-than-expected, although inflation remains low.
  • Australian business conditions and employment levels have remained strong, but inflation in early 2016 was very weak.
  • RBA cuts the cash rate from 2.00% to 1.75%.

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.

Read the May 2016 GPL Market Update here.

Filed Under: News Tagged With: Monthly Market Update

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