The highlights:
- Global markets steadied in April, recovering from early volatility sparked by President Trump’s Liberation Day tariff plans, which were later paused for 90 days, easing investor concerns.
- Australian shares rebounded, with the S&P/ASX 200 rising mid-month as optimism returned. Tech, communications, consumer discretionary, and real estate led gains amid improving confidence around global trade policy.
- International shares delivered mixed results, with US markets rebounding late in the month on stronger earnings and the tariff pause. Europe gained on solid industrial data, while emerging markets lagged due to weak Chinese growth and currency volatility.
- Fixed interest (bond) markets performed well, supported by safe-haven demand and signs that central banks are prepared to support the economy if needed.
- Credit markets remained stable, with investment-grade debt firm and global high-yield bonds gaining as sentiment improved.
Read the update here: April Monthly Market Update