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 Bonds fell in July, with Australia, US, UK, while New Zealand, Germany and Canada were flat compared to 31 August 2024.
- Central bank cash rates remained steady for the month, except for New Zealand and the UK, who both reduced by 0.25%. Japan increased by 0.13%.
- The month to 31 August 2024 saw several changes outside of Australia and New Zealand, who both remained steady. Inflation fell in the US and Europe. Headline Inflation fell in the UK, remained stable in Japan, and increased in China. Core Inflation fell in the UK, reduced in Japan and China.
- Term deposit rates continue to have started to taper off with a small fall in New Zealand, while Australia remained flat.
- From a market’s perspective, all markets accept Global Commodities are positive for the month and year to August 2024. REITs and Infrastructure have a strong month, with the NZD:USD and AUD:USD being the strongest over August.
- Over the one-year period to 31 August 2024 the US and International equities have offered the strongest performance.
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