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Most markets ended in positive territory for the month of April. The positive tone in economic data pushed government bond yields up (i.e. prices fell) and prompted riskier fixed income assets to outperform.
European stocks were the best performer, logging a 5.4% return as economic growth for Q1 was better than expected.Top performing sectors included information technology and financials.
US equities added 4%, supported by strong labour market data as well as better-than-expected Q1 GDP growth. Corporate earnings generally remained robust.
Aussie stocks only recorded 1/2 of European and US performance, as the up-comming election warranted a degree of caution.
