In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during August.
- Global share markets made a gain of nearly 6% in August, largely led by Wall Street
- Large daily increases in infection are still being seen in Brazil and India, with a resumption in Italy, France, and Britain
- The Australian share market delivered a 2.8% gain in August
- The Australian economy is still delivering a very mixed performance, as consumers are still concerned about the threat of the virus
Watch the MLC Economic update – September 2020 video below.
By Sinead Rafferty