Highlights:
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Key economies have so far avoided a resurgence in COVID-19 cases, but the World Health Organisation warned it continues to spread rapidly in some regions.
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Liquidity conditions remain favourable as central banks and governments continue to prop up economies via monetary and fiscal easing measures.
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Key indicators such as unemployment and PMIs improved in May, adding to the market’s hopes of a strong rebound, although the risk of further outbreaks remains.
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The Reserve Bank of Australia kept rates on hold at 0.25% at its June meeting and hit pause on bond purchases through May as markets recovered.
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Black Lives Matter protests in Australia may be used as a test case for considering whether large outdoor gatherings are safe to resume.
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