Market Update

July 2017

market-update

This month’s Market Watch key points include:

The Reserve Bank of Australia (RBA) Board met on 1 August and left the official cash rate on hold at 1.5%, as widely expected. There has been no change in the official cash rate since August 2016.

After making significant gains in June, the Australian dollar was stronger over the month, supported partly by rising commodity prices.

The S&P/ASX 200 Index finished the month flat, despite some volatility. In a repeat of last month, there was considerable divergence in the performance between industry sectors.

Meanwhile, global shares recorded another positive month, and various market volatility measures continued to fall to record lows