In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during May.
He discusses:
- Global shares performed a strong 4% gain in May
- India, Iran and South America are still seeing a high acceleration of virus cases
- Surprisingly, the Australian share market made a strong 4.6% gain in May
- The Australian economy looks as if it is in a recession – we saw dramatic falls in employment and retail spending, and a rise in the underemployment rate. However, the share market is anticipating a recovery
Watch the MLC Economic update – June 2020 video below.
15 June 2020
By Sinead Rafferty
Portfolio Specialist