This month’s Market Watch key points include:
Global stocks in June rose for the fifth month in six after the Federal Reserve and the European Central Bank flagged fresh stimulus to protect their economies and investors grew hopeful the China-US trade war would be contained. A rise in the Australian dollar trimmed returns for those who have unhedged investments in global equities. During the month, all 11 sectors rose in US-dollar terms. Materials (+10.7%) climbed the most while real estate (+1.9%) rose least. The Morgan Stanley Capital International (MSCI) World Index rose 6.6% in US dollars and 5.2% in Australian dollars.