Share markets up, but economic concerns remain: what’s going on? Markets have been buoyed by central bank and government support for economies. However, COVID-19 remains a threat and economies are still fragile. Bob Cunneen, Senior Economist at MLC Asset Management, discusses these points in the July Economic Update. Watch the video >>

Highlights: Since the initial outbreak, COVID-19 has spread to over 210 countries, and estimates indicate it could trim global economic growth by between 3.0% to 6.0% in 2020. Cyclical indicators including PMIs and unemployment rates remain weak but are improving, bolstering the market’s hopes of a speedy recovery. Some countries and US states reversed course…

At its meeting today, the Board decided to maintain the current policy settings, including the targets for the cash rate and the yield on 3-year Australian Government bonds of 25 basis points.   The global economy has experienced a severe downturn as countries seek to contain the coronavirus. Many people have lost their jobs and there…