In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during July.
He discusses:
- Despite economic stresses, major share markets continued to rise in July as investors remain buoyed by supportive central bank policies
- China’s share market gained 9% in July, while Americas share market was up 5%
- Australia’s share market only gained 0.6% in July, caused by a drop in the energy sector by 6% and the Melbourne Coronavirus outbreak
Watch the MLC Economic update – August 2020 video below.
https://youtu.be/h5-wI50A0xE
August 2020
By Sinead Rafferty
Portfolio Specialist