As at the 31 August 2022
Observations from August.....
A modest gain by the Australian market was generally considered an outperformance when compared to other developed markets.
The energy sector recorded the biggest gain as investors weighed up an escalation to Europe’s energy crisis.
Beyond Australia, the commitment of central banks to fight inflation led to a sell-off in equities.
Alongside this commitment, U.S. bonds sold off as the 10-year Treasuries yield hit 3.13%.
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