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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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September 2017 Market Wrap

The Australian share market had another relatively lacklustre month in September, with the All Ordinaries index closing the month down 0.5% at 5,744.9 points.

The Australian Dollar retreated by 1.3% in September, with 1 Australian Dollar currently buying 78.37 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 August. The United States Dow Jones index gained 2.1%, the London FTSE fell 0.8%, the Japan Nikkei 225 gained 3.4% and the Hong Kong Hang Seng Index fell 2.4% for the month.

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August 2017 Market Wrap

It was another flat month for the Australian share market in August, with the All Ordinaries index closing the month steady at 5,776.3 points. The Australian Dollar retreated marginally, with 1 Australian Dollar currently buying 79.43 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 provided mixed returns in August. The United States Dow Jones index gained 0.3%, the London FTSE gained 0.8%, the Japan Nikkei 225 fell 1.2% and the Hong Kong Hang Seng Index gained 2.8% for the month.

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