apex banner.png
     

June 2018 Market Wrap

The Australian share market performed well in June, with the All Ordinaries index closing the month 2.7% higher at 6,289.70 points. The positive result came as the Government's legislation to cut personal income tax rates surprisingly passed through the Senate.

The Australian Dollar continued its recent trend, falling by 2.0% in the month, with 1 Australian dollar currently buying 74.07 US cents. Once again, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum in the month of June.

Global share markets returns were mixed in June, with the United States' Dow Jones index falling by 0.5%, the London FTSE falling by 0.5%, the Japan Nikkei 225 gaining by 0.5% and the Hong Kong Hang Seng index falling by 5.0% in the month (as United States / China trade restrictions emerged once again).

Read more...

May 2018 Market Wrap

The Australian share market was subdued in May, with the All Ordinaries index closing the month 0.9% higher at 6,123.50 points. The Australian Dollar was also flat, with 1 Australian dollar currently buying 75.64 US cents.

The Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum. The RBA board will meet again next Tuesday, with rates once again expected to remain on hold.

In the month of May, the United States Dow Jones index gained by 1.0%, the London FTSE gained by 2.2%, the Japan Nikkei 225 fell by 1.2% and the Hong Kong Hang Seng Index fell by 1.1%.

Read more...

April 2018 Market Wrap

The Australian share market recovered some of its recent losses in April, with the All Ordinaries index closing the month 3.5% higher at 6,071.60 points. The Australian Dollar continued its recent slide, falling by 1.7% in April, with 1 Australian dollar now buying 75.43 US cents.

As noted in last months' newsletter, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum in April. The RBA board will meet again today, with rates once again expected to remain on hold.

Global share market returns were positive across the board in April, as fear of a "trade-war" between the United States and China eased. The United States Dow Jones index gained by 0.2%, the London FTSE gained by 6.4%, the Japan Nikkei 225 gained by 5.0% and the Hong Kong Hang Seng Index gained by 2.4% in the month.

Read more...