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 remain relatively stable with minor changes, mostly between 0.1% and 0.2% for the month. Germany, UK, Australia and New Zealand declined. USA and Japan remained stable, with Canada posting the only increase for the month.
- Central bank cash rates remained steady for another month, except for Japan moving from negative to positive cash rates.
- Inflation remained stable for Australia, New Zealand, USA and Europe remained relatively stable, while the UK declined. Notably, Japan and China increased from a Headline and Core Inflation perspective.
- Term deposit rates continue to remain flat in Australia and New Zealand.
- Other than the NZD and AUD to USD relationships, market indices are all positive. This is the first time in several months the Market Indices have been largely positive. Most indices are softer for the month compared to February 2024. Property, Infrastructure and Commodities had a strong performance for the month.
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