Latest News

Market Update – 31st August 2015

A snapshot of the key points for August 2015.

 

  • The RBA kept the overnight cash rate at 2.00% at both the August and September meetings. 
  • In fixed income, the 3 Month Bank Bill Swap Rate was marginally up by 0.01% while the 10 Year Australian Bond Rate fell by -0.12% over the month.
  • The Australian Share market had a negative month, with the All Ordinaries Index and the S&P/ASX 200 Index falling by -8.09% and -8.64%, respectively.
  • AREITs outperformed the broader equity market, despite reporting a loss of -4.83%, as measured by the ASX 300 Property Index.
  • International shares were down across the board, with Hong Kong continuing to be the worst performing region, falling by -12.04% over the month.
  • The US was the best performing equity market in August, despite falling by -6.57% and -6.26%, as measured by the Dow Jones Industrials and the S&P 500 Index, respectively.
  • Gold and oil prices recovered over the month, gaining 3.33% and 4.41%, respectively, in US Dollar terms. The commodity price overall fell by -0.99%, as measured by the US$ CRB Spot Commodity Index.
  • The Australian Dollar continued to depreciate. In particular, it fell by -1.99% against the US Dollar,-4.72% against the Euro, -0.86% versus the British Pound and -4.29% against the Japanese Yen. 
  • The Australian Trade Weighted Index (TWI) fell from 61.40 to 60.90 points over the month, indicating a further fall in Australia’s international competitiveness.
  • Share market volatility surged both domestically and abroad, with the S&P/ASX 200 Volatility Index and the US VIX Volatility Index increasing by 11.53% and -16.31%, respectively. 

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


Click here for a Market Report – 31st August 2015



 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