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.

 

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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.