Highlights:
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In June markets were influenced by political developments in the UK and US and more hawkish commentary from central bankers suggesting that soft inflation is only transitory.
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European equities lost 2.8% in June after two Italian banks were bailed out by the Italian government and ECB President Draghi hinted at tighter monetary policy.
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The UK election resulted in a hung parliament creating additional uncertainty as to how the Brexit negotiations will unfold.
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US technology stocks, which had enjoyed solid price rises, gave back some of their recent gains with the NASDAQ Composite Index down 0.9% in June.
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Chinese activity indicators were a little softer but still remain at strong levels.
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Australian employment data was stronger in the past month and the unemployment rate fell to the lowest rate since February 2013.
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