Market Update – March 2016
Key Points for March 2016:
- The RBA kept the overnight cash rate at 2.00% at both the March and April meetings.
- In fixed income, the 3 Month Bank Bill Swap Rate and the 10 Year Australian Bond Yield rose by 0.12% and 0.03%, respectively, in March.
- Corporate debt spreads, as measured by the iTraxx Australian Index, fell to 136.28 in March from the previous reading of 155.77.
- Australian shares recovered over the month, with the All Ordinaries Index and the S&P/ASX 200 Index increasing by 4.12% and 4.14%, respectively.
- Domestic listed property followed the broader market gain, returning 2.45% over the month.
- While global equities were positive in most regions, the Hong Kong market was the best performer, gaining 8.71%, as measured by the Hang Seng Index. The US also did well, adding 7.08% by its price weighted Dow Jones Industrials Index and 6.60% by its market value weighted S&P 500 Index.
- Europe underperformed on a relative basis, despite gaining 1.08% over the month, as measured by the STOXX 50 Index.
- Global commodity prices continued to recover in March, gaining 4.47%, as measured by the US$ CRB Spot Commodity Index. Oil and Iron Ore prices had the largest gains, rising 9.39% and 10.93%, respectively, in US Dollar terms.
- The Australian Dollar appreciated versus most currencies in February, surging 7.24% against the US Dollar, 3.60% against the Euro, 3.73% versus the British Pound and 6.40% against the Japanese Yen.
- The Australian Trade Weighted Index (TWI) rose by 3.87% over the month, ending March at 64.40.
- Share market volatility fell both domestically (-5.85%) and in the US (-6.60%).
Please click on the following link to gain access to this resource.
Click here to view the 31st March 2016 Market Report
Source: Zenith Investment Partners
Latest eNewsletters
Hot Issues
- Div 296 sparking death benefit discussions
- ATO warns SMSF trustees to be aware of increase in scams
- Roles and Responsibilities in a Business Partnership
- Beware of tax implications for failing to meet minimum pension requirements: consultant
- Leasing property owned by an SMSF
- A super contributions deadline you won’t want to miss
- How topping up your super each year could leave you $80,000 better off in retirement
- Evolution of Boeing - 1916 - 2025
- ATO issues guidance on SMSF trustee appointment and compliance
- ASIC to increase audit surveillance in 2025–26
- Investment and economic outlook, May 2025
- Legal case has succession planning lessons for SMSF members, advisers: legal expert
- Your 30 June superannuation checklist
- Start-ups to suffer under Div 296
- New SMSF trustees propel uptake of financial advice
- Comparison of various Animal Weight
- $95bn loss predicted to Australian economy if Div 296 passes: analysis
- Why more Australian SMSF owners are looking to global equities
- Investment and economic outlook, April 2025
- Trustees reminded of minimum pension drawdown
- How boosting your super can help you reduce your tax bill
- Are your adult children ready for the wealth transfer?
- Financial abuse move now a certainty
- Freshwater Resources by Country 2025
- Investment and economic outlook, March 2025
- Advisers should be aware of signs of elder abuse in SMSF structures
- SMSFs hold record levels of cash and property
- Trustees warned on early access
- The Largest Empires in the World's History