Senior MLC economist Bob Cunneen discusses which key events have been driving markets. In this video, Bob discusses: why global shares delivered a strong 3.5% positive return for March, how the global economy is performing, why Australian shares delivered a solid 2.3% gain, and how the Australian economy is travelling.

Highlights: The vaccine rollout and vast sums of fiscal and monetary support are helping to accelerate economic growth and restore confidence. Global trade was disrupted when a giant container ship became lodged in the Suez Canal; Lloyd’s List estimated the loss of trade at around US$400 million per hour. European leaders are contending with a…

At its meeting today, the Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program. The rollout of vaccines is supporting the…