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 had a slight increase in all markets other than Australia, Germany and Japan, which remained flat.
- Australia, New Zealand and the UK central banks reduced their interest rates by 0.25%. All other markets remained flat.
- Headline inflation increased in the UK and China. Japan fell slightly. All other markets remained flat for the month of August.
- Core inflation increased in the US, UK, and China. Australia, New Zealand and Europe remained flat, and Japan reduced slightly.
- Term deposit rates fell slightly in Australia and New Zealand.
- For the year to August 31, all markets other than the FX markets were positive. For the month of August, the market indices show mixed outcomes across equity markets. Bonds, New Zealand cash, and commodities also stumbled for the month.
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