We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- Notably, Japan increased by 0.2% for the month to May 31, 2024. Otherwise, 10 year government bond yields have fallen this month. The decrease varies from 0.1% to 0.3%. Germany and Australia both remained flat for the month.
- Central bank cash rates remained steady from March 2024 to May 2024.
- Inflation has moved dramatically in the UK over the month. Headline inflation fell by 0.9% and core inflation by 0.3%. All other markets ranged between 0.1% and 0.3%.
- Term deposit rates continue to remain flat in Australia and New Zealand.
- From a market’s perspective, all markets other than the NZX50 and commodities were positive for the month to May 31, 2024. All markets are positive in the one year numbers.
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