In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during April.
He discusses:
- There are encouraging stabilisation measures in place – the central banks have lowered interest rates, accelerated their assets purchases and also lending to banks
- Global share markets rallied in April with a 10% gain after the markets fell 13% in March due to coronavirus
- The Australian share market had a strong relief rally in April, with a 9% gain
- Unemployment rates in Australia are expected to near 10%, while in the US it is expected to near 16%
Watch the MLC Economic update – April 2020 video below.
https://youtu.be/HbI-hQISB2M
08 May 2020
By Sinead Rafferty
Portfolio Specialist