Renewed optimism surrounding a United States – China trade deal saw the Australian share market close higher for the month of November. For the month, the All Ordinaries index gained by 2.6% to close at 6,948.0 points.
The Australian Dollar gave-back most of its prior monthly gains, decreasing in value by 1.8% in November, with 1 Australian Dollar currently buying 67.63 US cents.
The Australian share market closed marginally lower for the month of October, with the All Ordinaries index falling by 0.4% to close the month at 6,772.9 points. The Australian Dollar gained by 2.1% in October, with 1 Australian Dollar currently buying 68.90 US cents.
The Australian share market turned positive in the month of September, with the All Ordinaries index gaining by 1.5% to close the month at 6,800.6 points. The Australian Dollar was steady, with 1 Australian Dollar currently buying 67.50 US cents.
The Australian share market recorded its first negative month of the year, with the All Ordinaries index falling by 2.9% in August to close the month at 6,698.2 points. The Australian Dollar continued its recent trend falling by 1.7%, with 1 Australian Dollar currently buying 67.36 US cents.
It was another strong month of performance for the Australian share market, with the All Ordinaries index gaining by 2.9% in July to close the month at 6,896.7 points. The Australian Dollar fell by 2.1%, with 1 Australian Dollar currently buying 68.50 US cents.
The Australian share market finished the 2019 financial year on a positive note. The All Ordinaries index gained by 3.2% in June to close the month at 6,699.2 points. The Australian Dollar gained by 0.9%, with 1 Australian Dollar currently buying 70.00 US cents.
A surprise Federal Election result was seen as a positive for the Australian share market. The All Ordinaries index gained by 1.1% in May to close the month at 6,491.8 points. The Australian Dollar fell by 1.6% in the month, with 1 Australian Dollar currently buying 69.36 US cents.
The month of April was positive for investment markets. The All Ordinaries index gained by 2.5% to close the month at 6,418.4 points. The Australian Dollar fell marginally, with 1 Australian Dollar buying 70.48 US cents as at the end of April.
Investment markets were subdued in March as global political risks relating to a US/China free trade deal and Brexit remain unresolved. The All Ordinaries index gained by 0.1% to close the month at 6,261.7 points.
February saw global share markets continue to strengthen, with the All Ordinaries index gaining by 5.3% to close the month at 6,252.7 points. This followed strong returns in January whereby the share market gained by 4.0%.