Lonsec Market Commentary – June 2016

Lonsec Market Commentary – June 2016

Lonsec Market Commentary – June 2016

Australian shares fell over June, largely due to the impending Brexit. The largest falls were in the Information Technology, Financial and Consumer Staples sectors.

We not only felt the impact of Brexit but also political uncertainty as the federal election campaign continued. Despite this, inflation remained low and the RBA left the cash rate on hold again. Employment also rose, as did retail sales.

Concerns over Brexit affected global markets significantly as the effects on markets in the short and medium term are difficult to gauge.

The Australian Dollar rose again the US Dollar, Euro and Pound over the month.

For a full summary and more information about Brexit, you can read the June Lonsec Market Commentary here:

Lonsec Market Commentary – June 2016

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