Last week, international markets rebounded after the previous week's coronavirus selloff. Asia and emerging markets were the big winners. Going forward, expect these markets to continue cautiously firming due to the following fundamental developments: supportive central banks, firming manufacturing data, and a calming of the trade tensions.
The RBA kept Australian rates on hold at .75%. Here is how the bank described the outlook for the Australian economy (emphasis added):
The central scenario is for the Australian economy to grow by around 2¾ per cent this year and 3 per cent next year, which