Lonsec Market Commentary – July 2016
All sectors of the Australian market were up across August, with the largest gains seen in Consumer Discretionary, Consumer Staples and Materials.
Global markets were calmer over July, especially compared with the anxiety caused in June from Brexit.
The RBA dropped the cash rate to 1.5% in early August, meaning the cash rate has now been kept below 3.00% for 38 consecutive months. This has been largely due toWith continuing weak inflation figures and emerging downside risks in the global economy.
For the full summary, you can read the July Lonsec Market Commentary here:
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