Latest News

Market Update – May 2015

  A snapshot of the key points for May 2015

 

  • The RBA cut the overnight cash rate by 0.25% during the May board meeting. The rate was kept at 2.00% in June.
  • The 3 Month Bank Bill Swap Rate was marginally down by -0.01% in May while the 10 Year Australian Bond Rate increased by 0.10%.
  • Australian Shares had an overall positive month, with the All Ordinaries Index increasing by 0.02%.
  • AREITs had a strong month, gaining 2.73% in May.
  • Global equities posted positive results in most regions, with the TOPIX Japan Index rising 5.08% to be the strongest performer.
  • Chinese shares fell by -2.52% in May following a strong rally in the previous month.
  • Commodity prices rose by 0.85% over the month, measured by the US$ CRB Spot Commodity Price Index. Gold, Oil and Iron Ore prices increased by 0.79%, 1.12% and 1.72% respectively.
  • The Australian Dollar depreciated against most major currencies in May. In particular, it fell by -3.98% against the US Dollar, -2.78% versus thethe Euro and -3.48% over the British Pound. The AUD recorded a 0.29% gain over the Japanese Yen, indicating a further fall in the Yen.
  • The Australian Trade Weighted Index (TWI) fell by -2.45% over the month, indicating a decrease in Australia’s international competitiveness.
  • The share market volatility fell both domestically and abroad, with the S&P/ASX 200 Volatility Index and the US VIX Volatility Index decreasing by -0.71% and -2.78% respectively.

 

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

 

Source:       Zenith Investment Partner

General Advice Warning

The Information on this page has not taken into account your financial situation, needs or objectives. Before acting upon any advice, you should consider whether it is appropriate for you. If the advice relates to a financial product, you should obtain and consider the Product Disclosure Statement before making a decision in relation to the product.

Boston Private Wealth

Suite 46B, Masthead Way
Sanctuary Cove QLD 4212

Boston Private Wealth is a Corporate Authorised Representative of AdviceIQ Partners Pty Ltd. ABN 95 134 016 210 AFSL 332957