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, New Zealand, US, UK, Germany and Canada all falling between 0.2% and 0.4%. Japan remained flat compared to June 30, 2024.
- Central bank cash rates remained steady for the month, except for Japan and Canada. Japan increased by 0.02%, and Canada fell by 0.25%.
- Inflation fell in the US, Australia, and China, while Europe, the UK, and Japan remained relatively steady. Headline inflation and Core inflation largely reflected the same directional change for each respective market.
- Term deposit rates continue to remain flat in Australia and New Zealand.
- From a market’s perspective, the Nasdaq, S&P Global Commodities indices, and NZD:USD and AUD:USD relationships were negative to 31 July 2024.
- All market indices, other than the NZD:USD and AUD:USD relationship, are positive for the 12 months to 31 July 2024.
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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