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December 2017 Market Wrap

The Australian share market finished the 2017 calendar year on a positive note, with the All Ordinaries index closing the month 1.8% higher at 6,167.3 points. That increase marked a 7.8% gain (excluding dividend income) for the 2017 calendar year.

The Australian Dollar continued its surprise strength, and was steady in the month of December buying 78.03 US cents. Once again, the Reserve Bank of Australia (RBA) left the official Cash Rate on hold at 1.50% per annum.

Global share markets were stronger across the board in December. The United States Dow Jones index gained 1.8%, the London FTSE gained 5.0%, the Japan Nikkei 225 gained 0.2% and the Hong Kong Hang Seng Index gained 2.6% for the month.

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November 2017 Market Wrap

The Australian share market consolidated recent gains, with the All Ordinaries index gaining 1.4% to close the month of November at 6,057.2 points.

The Australian Dollar retreated by 0.8% in November, with 1 Australian Dollar currently buying 75.87 US cents. As expected, the Reserve Bank of Australia (RBA) left the official Cash Rate on hold at 1.50% per annum.

Global share markets provided mixed returns in November. The United States Dow Jones index gained 3.8%, the London FTSE fell 2.2%, the Japan Nikkei 225 gained 3.2% and the Hong Kong Hang Seng Index gained 3.3% for the month.

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October 2017 Market Wrap

After two consecutive months of flat returns, the Australian share market advanced strongly in October with the All Ordinaries index closing the month up 4.0% at 5,976.4 points.

The Australian Dollar retreated by 2.4% in October (after falling 1.3% in September), with 1 Australian Dollar currently buying 76.51 US cents. As expected, the Reserve Bank of Australia (RBA) left the official Cash Rate on hold at 1.50% per annum.

Global share markets also provided solid returns in October. The United States Dow Jones index gained 4.3%, the London FTSE gained 1.6%, the Japan Nikkei 225 gained 8.1% and the Hong Kong Hang Seng Index gained 3.0% for the month.

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