Market Update 03 June 2022 | AMP Capital

Market Update 03 June 2022 Investment markets & key developments Share markets mostly rose again in the past week as the rebound from oversold levels continued partly on hopes that some cooling in demand will take pressure of inflation and central banks, and as China started to reopen. European shares were little changed but US, Japanese, Chinese and Australian shares rose. The gains in Australian shares were let by resources, consumer staples and industrials offsetting falls …

National property prices fall for the first time since the pandemic – expect a 10-15% top to bottom fall | AMP Capital

National property prices fall for the first time since the pandemic – expect a 10-15% top to bottom fall Key points Australian home prices fell 0.1% in May, their first decline since the pandemic. The main drivers behind the downturn are: poor affordability with prices up nearly 29% over 21 months; rising mortgage rates; a rotation in spending away from housing; and a decline in home buyer confidence. We continue to expect a 10-15% fall …