Market Update - April 2016

 

See below for key points and the report itself.

 

Key Points: 

  • The RBA kept the overnight cash rate at 2.00% in April but cut to 1.75% during the May board meeting. 
  • In fixed income, the 3 Month Bank Bill Swap Rate fell by -0.12%, while the 10 Year Australian Bond Yield rose by 0.02 in April.
  • Corporate debt spreads, as measured by the iTraxx Australian Index, fell to 131.76 over the month from the previous reading of 136.28.
  • Australian shares rose further over the month, with the All Ordinaries Index and the S&P/ASX 200 Index increasing by 3.19% and 3.33%, respectively. 
  • Domestic listed property followed the broader market gain, returning 2.76% over the month.
  • Global equities were flat in most regions, with the Hang Seng Hong Kong Index gaining 1.40% to be the best performer, and the TOPIX Japan Index declining by -0.49% to be the worst performer.
  • Global commodity prices continued to bounce over the month, gaining 4.10%, as measured by the US$ CRB Spot Commodity Index. Oil and Iron Ore prices had the largest gains, rising 19.77% and 17.70%, respectively, in US Dollar terms. 
  • The Australian Dollar declined against most currencies in April, falling by -0.03% against the US Dollar, -0.65% against the Euro, -2.08% versus the British Pound and -4.40% against the Japanese Yen.
  • The Australian Trade Weighted Index (TWI) fell by -0.93% over the month, ending April at 63.80.
  • Share market volatility rose both domestically (+1.42%) and in the US (+1.75%).

 

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


Click here to view the 30th April 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.