Market Update – April 2015

 

A snapshot of the key points for April 2015

 

  • The RBA kept the overnight cash rate steady at 2.25% during the April board meeting.
  • Domestic yields rose over the month, with the Three Month Bank Bill Swap Rate and the Ten Year Australian Bond Rate increasing by 0.17% and 0.31% respectively.
  • Australian Shares underperformed their global counterparts, with the All Ordinaries Price Index and the S&P/ASX 200 Price Index declining by -1.50% and -1.72% respectively.
  • Domestic REITs followed the broader Australian equity market in April, falling by -0.99%.
  • Global equities posted strong results in many regions over the past month with the Hang Seng (Hong Kong) Index being the standout performer, soaring 12.98%.
  • European shares fell slightly, with the STOXX 50 European Index declining by -0.38% for April.
  • Gold remained in negative territory, falling by -0.58% over the month.
  • Oil and iron ore prices (both measured in USD) recovered significantly, increasing by 25.27% and 9.43% respectively for the month. Commodity prices overall rose by 1.49% in April, as measured by the US$ CRB Spot Commodity Price Index. 
  • The Australian Dollar appreciated against most currencies in April. In particular, it increased by 4.55% over the US Dollar, 1.81% versus the Euro, 0.29% over the British Pound and 3.21% against the Japanese Yen.
  • The Australian Trade Weighted Index (TWI) rose by 3.16% over the month, indicating a rise in Australia’s international competitiveness.
  • The US VIX Volatility Index fell by -0.74% in April, while the S&P/ASX 200 Volatility Index increased by 3.81%. The increased domestic share market volatility was consistent with the underperformance in Australian equities over the month.

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Source:       Zenith Investment Partner

IT Financial Services, ABN 48 097 884 976, is an Authorised Representative of Apogee Financial Planning. Apogee Financial Planning Limited ABN 28 056 426 932 is an Australian Financial Services Licensee and has its registered office at 105 - 153 Miller Street North Sydney NSW 2060. A member of the National group of companies.