Market Updates

Market Wrap Monthly Update

April 2019

Highlights include:

  • Global stocks rose for a fourth consecutive month in April after US companies on average reported better-than-expected earnings for the March quarter, a report showed US economic growth accelerated in the first three months of 2019, and China’s performance over the same period quelled concerns about its economy.
  • A drop in the Australian dollar lifted returns for those who have unhedged investments in global equities.
  • During the month, eight of the 11 sectors rose in US-dollar terms. Financials (+7.2%) rose the most while healthcare (-2.6%) fell the most.
  • The Morgan Stanley Capital International (MSCI) World Index rose 3.6% in US dollars and 4.5% in Australian currency.
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