Lonsec Market Update

Market Update – August 2021

This month:

  • The Australian share market reached all-time highs in July, with the S&P/ASX 200 gaining 1.1% for the month.
  • US employment surprised again as non-farm payrolls came in well above expectations, coupled with a falling unemployment rate, reinforces the strength of the economy.
  • Economic sentiment in Europe rose for the sixth month in a row supported by hopes of a strong economic recovery due to the reopening of economic activities.
  • The RBA kept the cash rate on hold at 0.1% as expected and upgraded the outlook for 2022 with economic growth expected to be 4.0%.

Read the full Market Update prepared by Lonsec here.


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