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Sharemarket Update All Time High

Yes we finally saw the All Ords reach an all-time high after 11 years and 9 months of waiting. For the month of June we experienced nearly a 3% increase to finish at 6,896 on 31st July. The rise follows two consecutive rate drops by the RBA, and also comments from the Governor that the board were prepared to drop them further if need be.

In the US they have fared modestly with a 1% rise across July, with their inflation and unemployment at reasonable levels.

The $AUS has fallen against the $US from 70c to 67.8c across July.

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