Stephen Letts- Business Reporter
ABC News – 24 June 2018
World Cup fever is everywhere, there’s no escaping it! Stephen Letts does a great write up on global market performance in the first half of 2018, sprinkled with World Cup flare.
With the half-time whistle about to blow on the 2018 markets world cup, Australian equities have burst from the pack and now sit just behind Portugal in terms of performance.
A few key takes out include:
- A quick snapshot of the 2018 February market tumble
- Geopolitical headwinds (aka trade wars) and European cars a potential US “national security threat”
- Emerging markets behind the performance of the ASX200 and the impact of a rising US dollar
- The advance of Oil; and
- A summary of what to expect in the final week of June, wrapping up the Australian financial year.
A surging US dollar helped propel the ASX ahead of the global pack in the first half of the year, but does it have the legs for the second half? The full article can be found here.