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October 2018 Market Wrap

It was a poor month for the Australian share market with the All Ordinaries index falling 6.5% (after falling 1.6% in September) to close at 5,913.3 points. The Australian Dollar also fell by 2.1%, with 1 Australian dollar currently buying 70.82 US cents.

Once again, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. There is unlikely to be any Melbourne Cup interest rate surprise this year, as the RBA board is expected to keep the Cash Rate on hold when it meets next Tuesday.

Global share markets were all in negative territory in October, with the United States' Dow Jones index falling by 5.1%, the London FTSE falling by 5.1%, the Japan Nikkei 225 falling by 9.1% and the Hong Kong Hang Seng Index falling by 10.1%. 

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September 2018 Market Wrap

The Australian share market retreated in the month of September, with the All Ordinaries index closing the month 1.6% lower at 6,325.5 points. The Australian Dollar gained marginally by 0.6% in September, with 1 Australian dollar currently buying 72.31 US cents.

Unsurprisingly, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board is expected to keep the Cash Rate on hold once again in October.

Global share market returns were generally positive in September, with the United States Dow Jones Index gaining by 1.9%, the London FTSE gaining by 1.0%, the Japan Nikkei 225 gaining by 5.5% and the Hong Kong Hang Seng Index falling by 0.4% in the month.

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August 2018 Market Wrap

Notwithstanding political turmoil in Canberra, resulting in a new Prime Minister, Scott Morrison, the Australian share market continued its recent trend of gains. The All Ordinaries index closed the month of August 1.0% higher at 6,427.80 points. That said, the Australian Dollar fell by 2.9% in the month, with 1 Australian dollar currently buying 71.89 US cents.

Once again, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board is expected to keep the Cash Rate on hold when they hold their monthly meeting tomorrow.

Global share markets returns were mixed in August.  The United States' Dow Jones Index gained 2.2%, the London FTSE fell 4.1%, the Japan Nikkei 225 gained 1.4% and the Hong Kong Hang Seng Index fell 2.4% in the month.

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