Global shares fell in unhedged and hedged terms but global emerging markets rose over the month. Australian shares performed poorly during January. The leading sectors were Energy and Utilities with IT being the worst-performing sector for the month. Fixed income returns for the month were also poor. The $AUD lost against the $USD and the Yen.
Global shares rose and with that Australian shares performed reasonably well during December. Fixed income returns ended the month fairly flat but the Australian dollar rose against the USD$ and the Yen.
With mixed investor sentiment abounds, economic momentum is bouncing back domestically as NSW and Victoria eased lockdown restrictions.
Aussie shares outperformed global shares, falling 1.9% in September. Mining underperformance as investors reacted to selloff in iron ore prices. Fixed income returns also poor. The AUD$ fell against major currencies incl US$. Concerns over China amidst the unravelling of Evergrande weighed on AUD$ support.
Economic growth for the June quarter surprised on the upside with strong household and government spending offsetting export weakness (production issues and high commodity prices).
Carrick Aland’s summary of global markets as COVID19 lockdowns extend throughout Australia, including major asset class performance and currency markets.
Carrick Aland’s summary of global markets as the pandemic still lingers, including major asset class performance and currency markets for June 2021.
Carrick Aland’s summary of global markets as the pandemic lingers, including major asset class performance and currency markets for May 2021.
