Market Update - June 2016
See below for key points in this update and the report itself.
A snapshot of the key points for June 2016:
- The RBA kept the overnight cash rate at 1.75% at both the June and July board meetings.
- In fixed income, the 3 Month Bank Bill Swap Rate fell by -0.02%, while the 10 Year Australian Bond Yield fell by -0.30% in June.
- Corporate debt spreads, as measured by the iTraxx Australian Index, was essentially flat over the month, falling from the previous reading of 126.09 to 126.03.
- Australian shares ended in the negative territory over the month, with the All Ordinaries Index and the S&P/ASX 200 Index declining by -2.52% and -2.70%, respectively.
- Domestic listed property outperformed the broader share market, gaining 2.06% over the month.
- On a regional basis, Japan was the worst performer, with the TOPIX Index falling by -9.71%. Europe was also down, with the STOXX 50 Index declining by -5.06%. Surprisingly, the FTSE 100 (UK) Index was the best performer, rising 4.39% over the month, despite an increased level of market volatility following the referendum in late June.
- Global commodity prices ended the month slightly higher, rising 0.21%, as measured by the US$ CRB Spot Commodity Index. Gold and Iron Ore prices experienced the largest gains, adding 8.79% and 6.86%, respectively, in US Dollar terms.
- The Australian Dollar rose against most currencies in June, gaining 2.54% over the US Dollar, 2.97% against the Euro, 12.42% versus the British Pound. The AUD fell by -5.41% against the Japanese Yen.
- The Australian Trade Weighted Index (TWI) rose by 1.30% over the month, ending June at 62.50.
- Share market volatility rose both domestically (2.86%) and in the US (1.44%)
Please click on the following link to gain access to this resource.
Click here to view the 29th June 2016 Market Report
Source: Zenith Investment Partners
Latest Newsletters
Hot Issues
- Aged care report goes to the heart of Australia’s tax debate
- Removed super no longer protected from creditors: court
- ATO investigating 16.5k SMSFs over valuation compliance
- The 2025 Financial Year Tax & Super Changes You Need to Know!
- Investment and economic outlook, March 2024
- The compounding benefits from reinvesting dividends
- Three things to consider when switching your super
- Oldest Buildings in the World.
- Illegal access nets $637 million
- Trustee decisions are at their own discretion: expert
- Regular reviews and safekeeping of documents vital: expert
- Latest stats back up research into SMSF longevity and returns: educator
- Investment and economic outlook, February 2024
- Planning financially for a career break
- Could your SMSF do with more diversification?
- Countries producing the most solar power by gigawatt hours
- Labor tweaks stage 3 tax cuts to make room for ‘middle Australia’
- Quarterly reporting regime means communication now paramount: expert
- Plan now to take advantage of 5-year carry forward rule: expert
- Why investors are firmly focused on interest rates
- Super literacy low for cash-strapped
- Four timeless principles for investing success
- Investment and economic outlook, January 2024
- Wheat Production by Country
- Time to start planning for stage 3 tax cuts: technical manager
- Millions of Australians lose by leaving savings in default MySuper funds
Article archive
- January - March 2024
- October - December 2023
- July - September 2023
- April - June 2023
- January - March 2023
- October - December 2022
- July - September 2022
- April - June 2022
- January - March 2022
- October - December 2021
- July - September 2021
- April - June 2021
- January - March 2021
- October - December 2020
- July - September 2020
- April - June 2020
- January - March 2020
- October - December 2019
- July - September 2019
- April - June 2019
- January - March 2019
- October - December 2018
- July - September 2018
- April - June 2018
- January - March 2018
- October - December 2017
- July - September 2017
- April - June 2017
- January - March 2017
- October - December 2016
- July - September 2016
- April - June 2016
- January - March 2016
- October - December 2015
- July - September 2015
- April - June 2015
July - September 2016 archive
- The gymnastics of keeping your portfolio balanced
- Market Update – August 2016
- Stop!! Don't do a paper Budget, use our online budgeting tools instead.
- Advisers the key to retirement stability, research shows
- The toughest tasks for self-managed super
- Lawyer warns on ‘adverse’ death taxes with insurance
- Don't get distracted by super changes
- A savings mirage?
- Market Update - July 2016
- The three biggest economic issues likely to affect markets in 2016
- SMSFs warned on looming property ‘tough times’
- Diversification counts when uncertainty beckons
- Strong economic data stablises markets
- Starting a super pension in 2016-17?
- Market Update - June 2016
- ATO extends looming SuperStream deadline
- ATO's deadline for review non-arm's length LRBAs extended
- A paradoxical relationship: The self-employed and super
- Fresh SMSF documentation warnings surface