Lonsec Market Update

Market Update – July 2021

This month:

  • The Australian share market finished the fiscal year with its best performance since inception, with the market gaining 23.9% over the past 12 months (on a capital return basis beating even the 23.7% seen in FY 2007).
  • US employment surprised as non-farm payrolls came in well above expectations, despite a slight increase in the unemployment rate.
  • Economic sentiment was upbeat in Europe supported by hopes of a strong recovery, and an accelerated Covid 19 vaccine roll out.
  • The RBA kept the cash rate on hold at 0.1% as expected and the labour market continues to recover quicker than expected.

Read the full Market Update prepared by Lonsec here.

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