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May 2017 Market Wrap

The Australian share market was weaker in May, with the All Ordinaries index closing the month 3.1% lower at 5,761.3 points. The Australian Dollar fell by 0.8% in May, with 1 Australian Dollar currently buying 74.26 US cents. Once again, the Reserve Bank of Australia left the official Cash Rate on hold at 1.50% per annum.

Global share markets provided positive returns in May. The United States Dow Jones index gained 0.3%, the London FTSE gained 4.4%, the Japan Nikkei 225 gained 2.4% and the Hong Kong Hang Seng Index gained 4.2% for the month.

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April 2017 Market Wrap

April was a month of consolidation for the Australian share market. The All Ordinaries index closed the month 0.7% higher at 5,944 points.

The Australian Dollar fell by 2.0% in April, with 1 Australian Dollar currently buying 74.87 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 results in April. The United States Dow Jones index gained 1.3%, the London FTSE fell 1.3%, the Japan Nikkei 225 gained 1.5% and the Hong Kong Hang Seng Index gained 2.1% for the month.

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March 2017 Market Wrap

March was another positive month for the Australian share market, with the All Ordinaries index closing 2.5% higher at 5,904 points. The Australian Dollar was steady in March, with 1 Australian Dollar currently buying 76.41 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 results in March. The United States Dow Jones index fell 0.7%, the London FTSE gained 0.8%, the Japan Nikkei 225 fell 1.1% and the Hong Kong Hang Seng Index gained 1.6% for the month.

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