{"id":953,"date":"2016-09-29T05:19:51","date_gmt":"2016-09-29T05:19:51","guid":{"rendered":"http:\/\/actinvest.com.au\/?p=953"},"modified":"2016-09-29T05:19:51","modified_gmt":"2016-09-29T05:19:51","slug":"market-update-august-2016","status":"publish","type":"post","link":"https:\/\/actinvest.com.au\/index.php\/market-update-august-2016\/","title":{"rendered":"Market Update  \u2013  August 2016"},"content":{"rendered":"<p>\u00a0<\/p>\n<p><strong><em>Report supplied by Zenith Investment Partners<\/em><\/strong><\/p>\n<p style=\"text-align:center\"><img loading=\"lazy\" alt=\"\" height=\"168\" src=\"http:\/\/www.plannerweb.com.au\/images\/market-update-sept-2016.jpg\" width=\"400\" \/><\/p>\n<p>\u00a0  \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/p>\n<p>\u00a0<\/p>\n<p><strong>Key Points:<\/strong>\u00a0<\/p>\n<ul>\n<li>The RBA cut the overnight cash rate to 1.50% during the August board meeting. The rate was kept at 1.50% during the September board meeting.\u00a0<\/li>\n<li>In fixed income, the 3 Month Bank Bill Swap Rate and the 10 Year Australian Bond Rate fell by -0.09% and -0.06%, respectively, in August.<\/li>\n<li>Spreads on Australian corporate debt fell in August, as indicated by the -9.70 points decline over the month of the iTraxx Australian Index to 99.97.\u00a0<\/li>\n<li>Australian shares fell over the month, with the All Ordinaries Index and the S&amp;P\/ASX 200 Index declining by -2.03% and -2.33%, respectively.\u00a0<\/li>\n<li>Domestic listed property fell by -3.35%, slightly underperforming the broader share market.<\/li>\n<li>Global equities reported mixed results in various regions, with the US being the worst performer, declining by -0.17%. Hong Kong added 4.96% to be the best performer, as measured by the Hang Seng Index.\u00a0<\/li>\n<li>Gold and Iron Ore prices reversed their recent uptrend, declining by -3.05% and -1.65% respectively in August. Oil price recovered by 7.45% for the month. The overall CRB Spot Commodity Index fell by\u00a0-1.33% in US Dollar terms.<\/li>\n<li>The Australian Dollar fell against most currencies in August; by -0.11% against the US Dollar, -0.74% against the Euro, and -0.59% versus the Japanese Yen. The AUD rose 0.56% against the British Pound, indicating a further depreciation of the Pound.<\/li>\n<li>The Australian Trade Weighted Index (TWI) fell by -0.32% over the month, ending August at 63.20.<\/li>\n<li>Share market volatility rose by 1.55% in the US, and fell by -0.52% in Australia.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<p style=\"font-family: Tahoma, Geneva, sans-serif;font-size: 13px;text-align: justify\"><strong>Please click on the following link to gain access to this resource.<\/strong><\/p>\n<h2 style=\"font-family: Tahoma, Geneva, sans-serif;text-align: justify\"><a href=\"http:\/\/www.plannerweb.com.au\/files\/zenith-market-report-august-2016.pdf\" target=\"_blank\"><span>Click here to view the August\u00a02016 Market Report<\/span><\/a><br \/>\n\u00a0<\/h2>\n<p style=\"font-family: Tahoma, Geneva, sans-serif;font-size: 13px;text-align: justify\">\u00a0Source: \u00a0 \u00a0 \u00a0 Zenith Investment Partners<\/p>\n<p>\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0<\/p>\n<p><strong><em>Report supplied by Zenith Investment Partners<\/em><\/strong><\/p>\n","protected":false},"author":1,"featured_media":954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/953"}],"collection":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/comments?post=953"}],"version-history":[{"count":1,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/953\/revisions"}],"predecessor-version":[{"id":955,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/posts\/953\/revisions\/955"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media\/954"}],"wp:attachment":[{"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/media?parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/categories?post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/actinvest.com.au\/index.php\/wp-json\/wp\/v2\/tags?post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}