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 increased in all markets other than Japan, which remained flat. The changes ranged between 0.1% and 0.4% for the month.
- Central bank cash rates decreased in the USA, Europe, and Canada. While Australia, New Zealand, the UK, and Japan remained flat.
- Headline inflation increased in the US, UK, and Japan. Australia and New Zealand remained static. Europe and China both fell.
- Core inflation remained static in the US, Australia, New Zealand, and Europe. Japan, the UK, and China increased slightly.
- Term deposit rates continue to fall in New Zealand, while Australia has started to plateau.
- For the month of December, markets were largely negative or showed growth of less than 1.5% for the month, with the exception of the S&P Global Commodities Index, which increased by 3.3%.
- The NZD/USD and AUD/USD relationships remained negative for the month and one-year periods as well. All market indices are positive for one year except the Bloomberg Global Aggregate and the NZD/AUD relationships with USD, which are all negative.
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