Welcome to the May edition of the Market Update.
Please find below link to this month’s economic update:
In April, equity markets rose in April helped by political developments in Europe and solid US corporate earnings reports.
In the United States, the technology-laden NASDAQ Composite Index rose to all-time highs, boosted by strong earnings results from the major technology companies.
US consumer and business sentiment surveys fell back from the recent highs reached following Donald Trump’s election win.
Chinese economic growth in the March quarter was stronger than expected and other activity indicators were also higher than in prior months.
Australian economic data was relatively good with stronger-than-expected employment growth in March and a rise in inflation.