In the May 2018 edition of the Market Update:
- The global economy lost some momentum in the March quarter, but fundamentals remain robust.
- US core inflation measures are rising, which is flowing through to longer-term expectations and pushing yields higher.
- The threat of a trade war between the US and China continues to be a source of significant uncertainty for markets.
- Australians will receive cuts to income tax as anticipated, while public infrastructure spending should help bring the economy closer to capacity.
- Inflation in the euro area remains sluggish, with core inflation falling sharply from 1.0% to 0.7% in April.
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.