Market Update - 29th February 2016

 

A snapshot of the key points for February.

   

  • The RBA kept the overnight cash rate at 2.00% at both the February and March meetings.
  • In fixed income, the 3 Month Bank Bill Swap Rate rose by 0.07% while the 10 Year Australian Bond yield fell by -0.24% in February.
  • Corporate debt spreads, as measured by the iTraxx Australian Index, rose to 155.77 in February from the previous reading of 139.54.
  • Domestic shares continued to decline, with the All Ordinaries Index and the S&P/ASX 200 Index falling by -2.15% and -2.49%, respectively. Listed property outperformed, gaining 1.96% for the month.
  • While global equities were down in most regions, Japan was the worst performer, declining by -9.37%, as measured by the TOPIX Japan Index.
  • The UK outperformed on a relative basis, despite a flat return of 0.22%, as measured by the FTSE 100 Index. The US added 0.30% by its price weighted Dow Jones Industrials Index and fell by -0.41% by its market value weighted S&P 500 Index.
  • Global commodity prices continued to recover at modest rate in February, gaining 0.14%, as measured by the US$ CRB Spot Commodity Index. Gold and Iron Ore prices had the largest gains, rising 10.36% and 15.42%, respectively in US Dollar terms.
  • Despite a small increase over the month, the oil price remained at historical low levels at around US$33.75.
  • The Australian Dollar appreciated versus most currencies in February, rising 0.56% against the US Dollar, 0.52% against the Euro and 4.13% versus the British Pound. The AUD depreciated against the Japanese Yen, by -5.22% for the month.
  • The Australian Trade Weighted Index (TWI) rose by 0.81% over the month, ending February at 62.00.
  • Share market volatility rose both domestically (+1.50%) and in the US (+0.35%).

 

 

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


Click here to view the 29th February 2016 Market Report



 Source:       Zenith Investment Partners

 

 

Any advice contained in this website is of a general nature only and does not take into account your circumstances or needs. You must decide if this information is suitable to your personal situation or seek advice.

Rolanda has been my financial adviser for 20 years. I have always found her to be highly intelligent, knowledgeable and professional in her career. Rolanda is accessible at all times and patiently explains terms that I do not fully understand. I can highly recommend Rolanda and it is a pleasure to do so. I do this with the utmost confidence. Marcia Montgomery (Retiree – home duties and ex-clerk with Water Board)
I retired Oct 2012, and seeking Financial Advice for my retirement funds, I decided to have Rolanda look after my financial affairs, and so happy I did. Since my retirement I am extremely comfortable with Rolanda’s advice, experience and strategies and the returns on my investments. Rolanda is my "Breath of Fresh Air" at this stage of my life and she makes herself available 24/7 should you need to talk with her. Steve Hoad (Ground Engineer, Qantas)
In 1997 I left Energy Australia and decided to join Rolanda Adams Financial Services for the financial support and advice that I would need into the future. That decision has proved a very good one and I am still with Rolanda who has given me advice and friendship over those many years. The advice given has ensured that my investments have been protected and the major losses, of some, during the GFC was not felt by me unduly. Rolanda and her team are very easy to contact at any time and one is always received in a most professional manner. I would be most happy to recommend Rolanda Adams Financial Services to all who need financial services. Graham Fleeton (Manager, Property Insurance Group Energy Australia (Ausgrid))
Rolanda has been my Adviser for the past 18 years. Through her wide industry experience and professional expertise she has ensured the sound development and ongoing management of my investments. Her advice has invariably been sound, timely and entirely tuned to meet my personal needs in retirement. She has a friendly, engaging manner and is always readily available to address any of my concerns. I have no hesitation in recommending her. Neil O'Keeffe (Chief Inspector (retired), Australian Customs Service)

© 2019 Rolanda Adams Financial Services Pty Ltd. All rights reserved. Site by PlannerWeb.