The month of June saw trade conflict between the US and China hold up as another temporary trade truce was formed. The RBA delivered its first move in its monetary policy since August 2016. Commodities continued to surge, with all major asset classes delivering positive returns for the final month of the financial year.
The month of May saw trade conflict between the US and China escalate after months of seemingly progressive talks. Prime Minister Theresa May also announced her resignation and while global equity markets were mostly in the red, Australia defied the trend to deliver positive returns.
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The first quarter equity market rally continues into April in light of dovish Central Banks and improving Chinese data, while cuts to Germany’s growth forecast reverberates concerns around Eurozone weakness.