Global markets (in particular in the US) rebounded strongly in April. However, the Australian share market was flat with concerns of a high Australian dollar and uncertainty surrounding implementation of the proposed carbon tax.
The All Ordinaries Index retreated 0.6% in April to close at 4,899 points. Global markets were all higher with the Dow Jones Index gaining 4.0%, the FTSE gaining 2.7%, the Hang Seng gaining 0.8% and the Nikkei 225 gaining 1.0%.