In this update, Bob Cunneen, Senior Economist and Porfolio Specialist, reviews events in markets during July.

He discusses:

• July’s surprisingly strong global share gains

• the global share markets being supported by better than expected US corporate profit reports and global economic data

• how Japan’s share market rebounded in July given hope from both budget and monetary stimulus, and

• how Australian shares rose by a robust 6.3% in July. Higher coal and iron ore prices helped the commodity market.

Download the 2 page – August economic & market update.