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The S&P500 hit record highs despite President Trump announcing further tariffs. This time around he added 10% to an additional $200b of Chinese imports, which are to rachet up on Januray 1st 2019 to 25%.
China responded to the latest round of tariffs by announcing 5-10% tariff increases on $60b of US imports.
The US Federal Reserve lifted interest rates (as expected) by 25bps to 2.25%.
The ASX200 lagged offshore markets by finishing the month 1.3% lower. The Royal Commission into Banking released an interim report, and Energy & Mining stocks rallied on stronger commodity prices.
