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 fallen across the board. With a 0.2% – 0.5% drop for the month. New Zealand suffering the largest drop.
- Central bank cash rate increased in Australia and fell in Europe, with Europe recording a 0.50% drop and Australia a 0.25% increase. Other Central banks remained static.
- Inflation dropped in all countries other than Australia and New Zealand, which remained static. The UK saw the largest change to both Headline and Core inflation numbers.
- The average one year term deposit rate remains flat in Australia and continues a modest increase in New Zealand.
- Market indices highlight and commodities continue to struggle. While equities and bonds have largely made gains over the one month. The NASDAQ continues to be a standout. While the one year tells a very different story, it shows more indices are now in positive territory compared to October 2023.
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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Research IP delivers high quality investment fund research and consultancy services to financial advisers, charities & NFPs and the broader financial services industry. Our experience spans well over 20 years working directly across the multiple facets of finance, so we understand the key drivers and challenges for managers, as well as the impact for investors and the broader industry.
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