Lonsec Market Commentary – June 2015
As the financial year came to an end the S&P/ASX 200 Accumulation Index lost 5.30% in June amid earnings downgrades. There was fairly heavy selling in Europe at the end of June amidst the still continuing Greek Debt Crisis, equity markets across Asia fell as well over the month.
The RBA left interest rates at 2% and while the trade deficit narrowed and retail sales were up, both were less than hoped for. In the US and Europe there were continuing signs of growth and improving economic activity.
For a round up of the domestic and international economic news for June you can read the full Lonsec Market Commentary here: