Knowledge, Experience, Integrity

Financial Planning News

Market Update – 31st July 2015

 

A snapshot of the key points for July 2015

             

  1. The RBA kept the overnight cash rate at 2.00% at both July and August meetings. 
  2. In fixed income, the 3 Month Bank Bill Swap Rate and the 10 Year Australian Bond Rate fell by -0.02% and -0.26%, respectively, over the month.
  3. Australian Shares posted strong returns, with the All Ordinaries Index and the S&P/ASX 200 Index gaining 4.23% and 4.40%, respectively, over the month.
  4. AREITs experienced stronger gains than the broader equity market, with the ASX 300 Property Index increasing by 5.64%.
  5. Regional equity markets around the globe under-performed domestic equities, with the Hong Kong Hang Seng Index the worst performer, falling by -6.15%,.
  6. The UK FTSE 100 Index and The European STOXX 50 Index gained 2.69% and 3.95%, respectively, in July to be the best performing regional markets.
  7. Commodity prices fell, as indicated by -3.73% decline in the US$ CRB Spot Commodity Index. Oil prices were hit the hardest, falling by -20.77%, as measured by the US$ Texas Crude Oil Price Index.
  8. The Australian Dollar depreciated against most major currencies. In particular, it fell by -5.03% against the US Dollar,-2.85% against the Euro, -4.34% versus the British Pound and -3.66% against the Japanese Yen. 
  9. The Australian Trade Weighted Index (TWI) fell from 63.80 to 61.40 points over the month, indicating a drop in Australia’s international competitiveness.
  10. Share market volatility fell both domestically and abroad, with the S&P/ASX 200 Volatility Index and the US VIX Volatility Index decreasing by -6.11% and -5.35%, respectively.

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

Click here for the Market Report of 31st July 2015
 

Source:       Zenith Investment Partner

Taxation rulings and documentation search

eWombat is a targeted search engine that only searches websites relevant to financial planners and accountants. A great resource to search for tax rulings, human services documents, etc.

Look up stock prices

What you need to know

The intention of this website is to provide general information only and it has been created for this purpose. In preparing the website, we have not taken into account the individual objectives or circumstances of any person. Legal, financial and other professional advice should be sought prior to applying the information contained on this website to particular circumstances. Robertson de Rooy & Associates does not guarantee the accuracy, reliability or security of the content within this site, which may change at any time without notice.