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October 2016 Market Wrap

The Australian share market declined by 2.2% in the month of October, closing at 5,402.4 points. The Australian Dollar declined by 0.8% for the month, with 1 Australian Dollar currently buying 76.1 US cents.

Global investment markets were mixed in October. The US Dow Jones Index fell 0.9%, the London FTSE gained 0.8%, the Japan Nikkei 225 gained 5.9% and the Hong Kong Hang Seng Index fell 1.6% in the month.

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September 2016 Market Wrap

The Australian sharemarket was flat in the month of September, closing at 5,525.2 points. Last month, the Reserve Bank left the official Cash Rate on hold (at 1.50% per annum) and the Australian dollar gained 1.98% (currently buying 76.75 US cents).

Global investment markets were also relatively subdued in September. The US Dow Jones Index fell 0.5%, the London FTSE gained 1.7%, the Japan Nikkei 225 fell 2.6% and the Hong Kong Hang Seng Index gained 1.4% in the month.

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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.

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