Sharemarkets have stabilised

'Beginning of the end, or end of the beginning?' After declining in April and May, global sharemarkets have stabilised to date in June. However, investors seem uncertain as to whether the June performance represents the low point of the recent turbulence or the calm before the next storm. Matthew Sherwood, Perpetual's Head of Investment Market Research examines these questions and concludes that while the global economic recovery is likely to be anaemic, the Australian outlook remains positive despite recent volatility.