The Australian share market was weaker in May, with the All Ordinaries index closing the month 3.1% lower at 5,761.3 points. The Australian Dollar fell by 0.8% in May, with 1 Australian Dollar currently buying 74.26 US cents. Once again, the Reserve Bank of Australia left the official Cash Rate on hold at 1.50% per annum.
Global share markets provided positive returns in May. The United States Dow Jones index gained 0.3%, the London FTSE gained 4.4%, the Japan Nikkei 225 gained 2.4% and the Hong Kong Hang Seng Index gained 4.2% for the month.