Wednesday, 7th August, 2019

The big focus in July was the US Federal Reserve and we saw the Federal Funds Rate cut 0.25% on 31 July (US time). Local fixed interest yields continue to decline in anticipation of more RBNZ Official Cash Rate cuts over the coming months and in tandem with falls for global yields. We discuss the global lift for share markets in July with several indices setting fresh record highs, while Australasian share markets were particularly strong during the month.

 

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