In April 2025, global equity markets were volatile, with the Australian ASX 200 demonstrating resilience compared to the US S&P 500's sharp decline. The ASX 200 recovered from an early-April dip, though analysts predict limited upside for the year. The S&P 500 experienced significant fluctuations due to political uncertainty, trade tensions, and mixed corporate earnings. Meanwhile, the Australian residential property market rebounded strongly, spurred by interest rate cut and supply constraints, reaching new record highs across most areas, with varied performance among capital cities and regional areas outperforming overall. Now, most economists and financial markets expect the Reserve Bank to cut rates again at its May meeting.