Global: The US market continues to forge ahead.
In spite of global geopolitical uncertainties, the US market
continued to forge ahead. Economic data remained robust with Q2 GDP advancing to 4.2% on an annualised quarterly basis, which was at the fastest rate in four years.
Consumer spending continued apace and this, coupled with lowered taxes and government spending, were the main catalysts for the renewed growth.
Domestic: FTSE/JSE All Share Index returns 2.5% for the month
A considerably weaker Rand down 10.6% allied to an improvement in both resource and industrial counters, resulted in the FTSE/JSE All Share Index outperforming global markets and returning 2.5% for the month.
In spite of weakening commodity prices, the FTSE/JSE Resources Index returned 5% while the Industrial Index returned 1.8%. Listed property continued to improve,
returning 2.1% for the month.