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Markets were buoyed with ongoing talks between economic superpowers US and Chinese which were likely to reach an agreement on trade. Chinese stocks returned a whopping 13.8% for the month.
Global bond yields rose on higher inflation expectations from higher oil prices.
The RBA maintained a 1.5% cash rate. This rate has been stable since 3rd August 2016.
Steady global growth and supply disruptions in iron ore helped boost our mining sector. Iron names like FMG rallied 12%, and Banks had a relief rally after the release of the final recommendations of the Royal Commission. Consumer Staples fell after a poor result from Coles. Overall, the ASX200 added almost 6% (including franking) to levels last seen in September 2018.
