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The financial topic discussed this fortnight was investing with the market. The latest edition also contained the following Market Update:
Since our previous edition, Australian and global sharemarkets have seen strong volatility. The S&P ASX200 Index has fallen 2.00% from the 14th to the 25th of January. It is up 1.57% from the same time last year but down 7.56% for the calendar year (2008) so far. The S&P Global 1200, a measure of the global market, has fallen 6.18% over the same period. The index is down 2.82% from the same time last year and down 9.38% for the calendar year so far.
Emerging markets have also seen negative movement with the MSCI Emerging Markets Index falling 7.88% since the 14th of January. It is up 15.67% from the same time last year but down 10.70% for the calendar year so far.
Property trusts have also experienced a rebound since the 14th of January with the S&P ASX 200 Property Trust Index rising by 3.46%. The index is down 22.08% from the same time last year and also down 9.73% for the calendar year so far.. The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, also rose 3.42% over the same period. It is down 22.52% from the same time last year and also down 4.58% for the calendar year so far.
As of 4pm the 25th January, the value of the Australian dollar had fallen since the 14th January with the Aussie dollar down 1.17% against the US Dollar at .8847. It is up 13.48% from the same time last year and up 0.35% for the calendar year so far. Since January 14th the Aussie has also fallen 1.30% against the Trade Weighted Index now at 68.3. This puts it up by 6.22% since the same time last year but down 0.58% for the calendar year so far. (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)
Since our last edition the Australian Bureaus of Statistics has released the official Consumer Price Index data indicating that the CPI had risen 0.9% in the December quarter of 2007 and 3% for the year to the end of December. The ABS has also released labour force data for the month of December. The data shows the unemployment rate falling to 4.3%