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PaulGaffney

Economic update EOFY 18/19

The first quarter equity market rally continued into April in light of dovish Central Banks and improving Chinese data. Cuts to Germany’s growth forecast brought concerns around Eurozone weakness. The Brexit deadline received an extension but yet again the outcome remains uncertain. Australia The Reserve Bank maintained its wait-and-see approach of both how global themes and conditions back at home develop, leaving the cash rate unchanged in April. This comes as a disappointing headline CPI was reported to be flat in the March quarter at 1.3% (0.19% growth, below the consensus forecast of 0.2%), making it the slowest annual pace…

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