We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- 10 year government bond yields have increased across the board this month. The quantum of the increases varies from 0.2% and 0.4% for the month.
- Central bank cash rates remained steady from March 2024 and April 2024.
- Inflation has moved dramatically in some cases over the month, compared to March 2024. Australia, New Zealand, Europe, UK, Japan and China saw both Core and Headline inflation fall. For the USA, Core inflation remained static and Headline inflation fell. New Zealand had the largest fall in both Core and Headline inflation.
- Term deposit rates continue to remain flat in Australia and New Zealand.
- From a market’s perspective, MSCI Emerging Markets and the S&P Global Commodity indices were positive. NZ and Aus bank bills were stable. All other indices were negative for the month. The NZX 50, Bloomberg Global Agg and NZD and AUD/ USD relationships are now negative for the last year.
Feel free to utilise this update with your clients, all we ask is that you reference Research IP in your communication. We can also supply individual charts as required.
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