apex banner.png
     

August 2016 Market Wrap

The Australian sharemarket retreated a by 1.9% in August, following the strong gains (+6.3%) recorded in July. As expected, the Reserve Bank of Australia (RBA) cut the official Cash Rate to a new record low of 1.5% per annum early in the month.

Global investment markets were mixed in August. The US Dow Jones Index fell 0.2%, the London FTSE gained 0.9%, the Japan Nikkei 225 gained 1.9% and the Hong Kong Hang Seng Index gained 5.0% in the month.

Read more...

July 2016 Market Wrap

It was a stellar start to the financial year for the Australian sharemarket. The All Ordinaries index closed July at 5,644.0 points, marking a 6.3% gain for the month!

Global investment markets were positive as investors appeared to disregard the risks associated with 'Brexit' and a forthcoming election in the US. The US Dow Jones Index gained 2.8%, the London FTSE gained 3.4%, the Japan Nikkei 225 gained 6.4% and the Hong Kong Hang Seng Index gained 5.3% in the month.

Read more...

June 2016 Market Wrap

After three consecutive months of gains in the Australian share market, the shock 'Brexit' vote to leave the European Union in late June caused the All Ordinaries index to decline by 2.5% for the month.

The All Ordinaries index closed June at 5,310.4 points, marking a 3.8% decline in value over the financial year (after recording only a modest gain of less than 1% in the financial year prior). As a matter of fact, the All Ordinaries index is now back to values last seen in October 2013!

Global investment markets were mixed in June as investors are coming to terms with the full implications of Brexit. The US Dow Jones Index gained 0.8%, the London FTSE gained 4.4%, the Japan Nikkei 225 index fell by 9.6% and the Hong Kong Hang Seng Index fell by 0.1% in the month.

Read more...