The following two infographics highlight quarterly movements in the economy and investment markets across Australia and New Zealand.
Over the Quarter:
- Australian and New Zealand unemployment rates increased by 0.2% and 0.35%, respectively, over the quarter to September 30th.
- The AUD and NZD both continued to strengthen against the USD for the second quarter in a row.
- Australian and New Zealand both outperformed the S&P500 for the quarter, with Australia posting an increase of 1.90%. Volatility has dramatically widened, compared to 30 June 2024.
- Gold has increased 14.1% for the quarter, while oil has fallen 16.8%. Iron ore fell by 12.7%, and milk increased by 12.5%. This highlights US interest rate cuts and the immediate effect of supply and demand for hard and soft commodities in the Australian marketplace.
- Annual inflation fell in the US and Australia, while New Zealand remained steady. Yields for US, Australian, and New Zealand 10-year bonds all dropped. US 10Y/2Y spreads widened modestly, at 0.14%.
Note: Please move the slider to view our update for Australia or New Zealand
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