June’s Performance Overview
- Equity markets traded sideways on continued concerns over: (1) European sovereign debt; and (2) moderating growth expectations in China and the US.
- Australia continued to deal with the proposed Resource Super Profits Tax (RSPT), the potential for modification in the face of strong mining sector pressure and a change in leadership, with Julia Gillard replacing Kevin Rudd as Prime Minister.
- The Australian market ended close to May’s intra-month low of 4,265, finishing down 2.9% for June but up 8.8% for the 2009/10 financial year.
Download the Market Wrap Up for June 2010 here.