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