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

Search only sites that help you everyday

eWombat is a targeted search engine that only searches websites relevant to financial planners, accountants and their clients - you. The results are provided in a Tab format so you can easily see what is found on sites such as the ATO, ATOLaw, ASIC, Centrelink and ABN Lookup. What you type in is what is searched for on all these sites.

Create Financial Planning ABN 92 115 963 445, trading as IT Financial Services, is an Authorised Representative of Consultum Financial Advisers Pty Ltd, ABN 65 006 373 995, Australian Financial Services Licensee Number 230323 (“Consultum”) of Level 1, 800 Bourke Street, Docklands VIC 3008.