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 been stable or seen small increments mostly between 0.1% and 0.2% for the month. The US, Germany, and UK increased. Australia, New Zealand, Japan, and Canada remained stable.
- Central bank cash rates remained steady for another month, across all markets.
- Inflation remained stable for New Zealand and the UK, while the US, Australia, Europe, Japan, and China all saw drops, some significant in the case of Australia and China changes in Headline Inflation. Japan’s Core Inflation also decreased.
- Term deposit rates remained flat in Australia and New Zealand.
- Market indices are mixed for the month. Equities remained mostly positive, other than New Zealand. All other indices performed stronger than January 2024. The Bloomberg Global Ag and Bloomberg NZ Composite indices remained negative for the month. The AUD and NZD to USD relationship was negative, but significantly less so than in January.
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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