We bring you the RIPPL Roundup each month to provide an early market snapshot for New Zealand and Australian financial advisers.
Our Key Observations:
- Across the board significant increases, up to 0.5% in 10 year government bond yields, except for the UK which was flat.
- Central bank cash rate hikes for Euro region only.
- Inflation changes saw increases in the USA and Euro area for Headline and Core inflation numbers. The remaining had no change for the quarter.
- The average one year term deposit rate continues to flatten in both Australia and New Zealand.
- Market indices highlight the volatility that is present quarter on quarter. The Nasdaq, like all equity markets, was negative, but for the one year, the Nasdaq was higher in September, compared to August 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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