Market Update – June 2020

Highlights:

  • Key economies have so far avoided a resurgence in COVID-19 cases, but the World Health Organisation warned it continues to spread rapidly in some regions.

  • Liquidity conditions remain favourable as central banks and governments continue to prop up economies via monetary and fiscal easing measures.

  • Key indicators such as unemployment and PMIs improved in May, adding to the market’s hopes of a strong rebound, although the risk of further outbreaks remains.

  • The Reserve Bank of Australia kept rates on hold at 0.25% at its June meeting and hit pause on bond purchases through May as markets recovered.

  • Black Lives Matter protests in Australia may be used as a test case for considering whether large outdoor gatherings are safe to resume.

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Read the full June 2020 market update report  >>