Australian equities
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The ASX200 ended April +3.6% higher than it begun, with all GICS sector groups firmly in positive territory, with the only exception being Energy.
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Trading volumes were robust following President Trump’s “Liberation Day” as the market sought to identify the relative winners and losers of the shifting trade and geopolitical set-up.
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The energy sector declined -7.7% over the course of April as oil saw its largely monthly decline in nearly 3.5 years. The oil price decline came as Saudi Arabia indicated that it would expand its production and as the global trade war dampened the outlook for fuel demand. Index heavyweights WDS an

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