The Australian share market closed January at a record high level, with the All-Ordinaries index gaining by 1.1% for the month and closing at 7,912.80 points. The Australian dollar weakened by 3.8% in January with 1 Australian Dollar buying 65.70 United States cents.
The Australian share market had a stellar month in December, with the All-Ordinaries index gaining by 8.1% for the month (closing the year at 7,829.50 points). For the 2022 calendar year the All-Ordinaries index (excluding dividends) gained by 8.4%.
A ceasefire between Israel and Palestine, and signs that inflation is coming under control boosted global share markets in November. The benchmark All-Ordinaries index recouped some recent falls, gaining by 4.0% in November, to close the month at 7,245.8 points.
Further conflict between Israel and Palestine, higher oil prices and higher than expected inflation all weighed heavily on financial markets in October. The benchmark All-Ordinaries index fell by a further 3.9% in October (after falling 3.6% in September), closing the month at 6,967.5 points.
Political uncertainty in the United States, higher oil prices, and a spike in domestic inflation resulted in the Australian share market falling in value for the second month in a row. The benchmark All-Ordinaries index fell by 3.6% in September, closing the month at 7,249.7 points.
The Australian share market retreated in August, with the All-Ordinaries index falling 1.4% for the month, and closing at 7,517.8 points. The Australian Dollar fell by 3.5% in the month against the United States dollar, with 1 Australian Dollar currently buying 64.8 United States cents.
It was a positive month for investment markets in July, with the All-Ordinaries index increasing 3.0% for the month, and closing at 7,622.2 points. The Australian Dollar increased by 0.8% in July against the United States dollar, with 1 Australian Dollar currently buying 67.2 United States cents.
The Australian share market gained in value in June, with the All-Ordinaries index increasing 1.8% for the month and closing at 7,401.5 points. The All-Ordinaries index gained nearly 10% (excluding dividends) for the 2022/23 financial year, despite rising interest rates, high inflation, and geopolitical risks.
The Australian share market gave up some recent gains in the month of May, with the All-Ordinaries index falling 3.0% for the month and closing at 7,273.5 points. The Australian Dollar continued to slide, falling by 2.1% for the month, with 1 Australian Dollar buying 64.8 United States cents.
It was a positive month for domestic investments markets, with the All-Ordinaries index gaining 1.7% for the month and closing at 7,501.0 points. The Australian Dollar was once again weaker, falling by 1.1% for the month, with 1 Australian Dollar buying 66.2 United States cents.