Market Wrap - May 2021
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As part of the 2021/22 Federal Budget, the Treasurer reiterated the importance of border reopenings. This will enable the Australian economy to benefit from tourist spending, and should lift migration levels.
There is a concern that it might not be possible to maintain strong economic growth without the arrival of highly-skilled immigrants.
Overall news flow remained supportive of risk assets including equities and credit and enabled most major share markets to make positive progress.
Many investors become concerned when volatility occurs in global financial markets – particularly about the impact on their superannuation and other investments. In times like these, it is important to understand the causes of market movements and how to minimise your risk.
Prices on everyday essentials like food, petrol and medicine have increased significantly, impacting us all. Managing these price hikes is even more difficult when you’re living on a fixed income. We unpack how we got here and set out some things you can do to increase your buying power.
Inflationary forces continued to intensify in key regions, which suggested inter- est rates could be raised more quickly and more aggressively than previously anticipated. The likelihood of rising borrowing costs also appeared to spook equity markets, which performed poorly over the month.
