Market Update 3rd January 2016 Sorry 2017 Aussie Starts The Year As i mentioned in one of my last morning reports of 2016, the aussie dollar typically fares quite poorly in january and whether or not this tradition continues in 2017 remains to be seen but. Key themes for 2017 global growth of around 3.2% or just above, with the us around 2.5%, europe and japan lagging and china running around 6.5%. australian growth of around 2.5%. a gradual rise in underlying inflation, albeit from low levels.
January 2017 Market Update The australian share market has kicked off the new year in some style, rising 1.2 per cent on its first trading day of 2017. the gains were broad based, with the major sectors of the market all in the black. The asx has seen its second worst start to the year in 40 years so far in 2016 – only in 2008, in the midst of the gfc, did the index perform so poorly at the opening of the year. By the third week of january, brent crude hit what proved to be a low for the year of $27.10 a barrel, escalating the selling of energy sector shares and bonds, particularly the junk rated debt. Aud usd dropped over 100 points on monday, the first trading day of 2016. the sharp drop was largely due to a disappointing reading from chinese caixin manufacturing pmi.
January 2017 Market Update By the third week of january, brent crude hit what proved to be a low for the year of $27.10 a barrel, escalating the selling of energy sector shares and bonds, particularly the junk rated debt. Aud usd dropped over 100 points on monday, the first trading day of 2016. the sharp drop was largely due to a disappointing reading from chinese caixin manufacturing pmi. Snapshot 2016. the markets. equities: the year didn’t start off well for equities, but by the end of 2016 each of the indexes listed here posted year over year gains, some reaching all time highs. the dow recorded its best performance since 2013, gaining almost 13.5% from its 2015 closing value. 2016 was a notable year for investors as it started with a sell off and poor sentiment driven by concerns around global growth and deflation and ended with all major asset classes delivering solid returns. the best performing asset class was australian listed property, recording a return of 13.2%, followed by australian equities at 11.8%. Read our latest article on market update jan 2017 – what happened in december 2016 . click here to find out more. Balanced super funds had returns around 7.5%, which is pretty good given inflation was just 1.5%. 2017 is commencing with less fear than seen a year ago but there is consternation regarding donald trump’s policies, political developments in europe and the growth outlook.
Comments are closed.