market update

Accounting Documents

Key Points

  • First-quarter data suggests that the US will be the driver of global growth this year

  • The RBA to meet on Tuesday and publish updated forecasts on Friday

  • Investors likely to keep an eye on the worsening coronavirus crisis in India

Stacks of Coins

Key Points

  • The steady current of positive activity and earnings results goes on. But the prospect of higher US taxes hit equity markets last week. Rising virus cases also depressed investor sentiment.

  • The FOMC and Bank of Japan will meet this week, with no change to policy expected.

  • US and European Q1 GDP and Australian CPI figures will also be published.

Stock Market Quotes

Key Points

  • Strong data and earnings lifted equity markets again last week.

  • Bond funds are attracting higher inflows than stocks, it might be due to rising geopolitical tensions.

  • Consolidation in yields does not seem likely to last.