Market Update - June 2016

See below for key points in this update and the report itself.

     

 

A snapshot of the key points for June 2016: 

  • The RBA kept the overnight cash rate at 1.75% at both the June and July board meetings.
  • In fixed income, the 3 Month Bank Bill Swap Rate fell by -0.02%, while the 10 Year Australian Bond Yield fell by -0.30% in June.
  • Corporate debt spreads, as measured by the iTraxx Australian Index, was essentially flat over the month, falling from the previous reading of 126.09 to 126.03.
  • Australian shares ended in the negative territory over the month, with the All Ordinaries Index and the S&P/ASX 200 Index declining by -2.52% and -2.70%, respectively.
  • Domestic listed property outperformed the broader share market, gaining 2.06% over the month.
  • On a regional basis, Japan was the worst performer, with the TOPIX Index falling by -9.71%. Europe was also down, with the STOXX 50 Index declining by -5.06%. Surprisingly, the FTSE 100 (UK) Index was the best performer, rising 4.39% over the month, despite an increased level of market volatility following the referendum in late June.
  • Global commodity prices ended the month slightly higher, rising 0.21%, as measured by the US$ CRB Spot Commodity Index. Gold and Iron Ore prices experienced the largest gains, adding 8.79% and 6.86%, respectively, in US Dollar terms.
  • The Australian Dollar rose against most currencies in June, gaining 2.54% over the US Dollar, 2.97% against the Euro, 12.42% versus the British Pound. The AUD fell by -5.41% against the Japanese Yen.
  • The Australian Trade Weighted Index (TWI) rose by 1.30% over the month, ending June at 62.50.
  • Share market volatility rose both domestically (2.86%) and in the US (1.44%)

 

Please click on the following link to gain access to this resource.


Click here to view the 29th June 2016 Market Report

 

 Source:       Zenith Investment Partners


All the world’s a stage, and all the men and women are merely players William Shakespeare
A fool and his money are soon parted. What I want to know is how they got together in the first place Cyril Fletcher
My main problem is reconciling my gross habits with my net income Errol Flynn
All I ask is the chance to prove that money can't make me happy Spike Milligan
A very rich person should leave his kids enough to do anything but not enough to do nothing Warren Buffet
Next to being shot at and missed, nothing is quite as satisfying as an income tax refund F.J. Raymond
Those are my principles, and if you don't like them... well, I have others Groucho Marx

© 2018 Moneytax. All rights reserved. Disclaimer | Privacy

Site by PlannerWeb.