Market Wrap - December 2020
Home • Learning Centre • News
Home • Learning Centre • News
The US election had earlier dominated attention. Donald Trump’s reluctance to
concede diverted attention from possible policy changes under the new Biden administration, but this will likely become an increasing focus
for investors in the months ahead.
Credit spreads narrowed sharply, both in Australia and overseas. This reflected optimism around the vaccines and a potential return to
‘normality’ in 2020, and supported returns from corporate bonds domestically and internationally.
The US election had earlier dominated attention. Donald Trump’s reluctance to concede diverted attention from possible policy changes under
the new Biden administration, but this will likely become an increasing focus for investors in the months ahead.
The release of Australian-listed company earnings gave local investors something other than virus-related news to focus on. Earnings rose ~15% in the June quarter compared to the first three months of the year. This was ahead of consensus expectations, but overall the results were underwhelming as anticipated.
