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 had small increments and falls for the month. The US was static, while Australia and Germany fell, New Zealand, UK, Japan, and Canada had small increments.
- Central bank cash rates remained steady across all markets.
- Inflation remained relatively steady for the US, UK and Europe. Australia’s core inflation fell dramatically, by 1.0%. New Zealand, Japan, and China had some minor changes in either the headline or core inflation.
- Term deposit rates remained flat in Australia and New Zealand.
- Market indices are mixed for the month. Equities remained positive but were significantly softer than in January. However, emerging markets, REITs, and infrastructure indices are all negative for the month. International and domestic Bonds, along with the AUD and NZD were all negative, compared to the USD. The variation between December 2023 and January 2024 highlights the volatility in the market. This is having some impact on the one year market numbers for each index as well.
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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