July’s Performance Overview
- Equity markets were captive to macro news flow in Europe and US during July with investors remaining cautious against the backdrop of the European debt crisis and the political posturing and implications of a potential default by the US government.
- While the risks around the Euro issues diminished by month end, the US situation was going to the final deadline.
- The Australian market (ASX 200) experienced another volatile month, finishing the month close to its lows (-4.0%) and around the previous level of support at 4400.
Download the Wrap Up of the Market for July 2011 here.