Skip to main content
#
A Clear Direction
rss feedour twitterour facebook page linkdin
home
Financial Advisor Brisbane - AdviserScott Keefer - A Clear DirectionBuilding Investment PortfoliosPortfolio Management ServiceUpdated ContentContact Us - Brisbane Financial Planning
A Clear Direction Financial Planning logo

 Financial Happenings Blog 
Thursday, June 05 2008

The latest edition of our fortnightly email newsletter was sent to subscribers on the 3rd of June.  This edition looked at franking credits, provided a summary of the movements in markets over the past fortnight and looked at the golden rules of investing.  If you would like to be added to the mailing list please click the following link to be taken to the sign up page - The Financial Fortnight That Was Sign Up Page.

The latest edition also contained the following Market Update:

Market Indices

Since our previous edition, Australian and global sharemarkets have both experienced negative movements.  The S&P ASX200 Index has fallen 4.66% from the 16th to the 30th of May.  It is now down 9.43% from the same time last year and down 10.81% for the calendar year (2008) so far.  The MSCI World - ex Australia, a measure of the global market, has fallen 1.81% over the same period.  The index is down 10.45% from the same time last year and down 5.95% for the calendar year so far.

 

Emerging markets have also experienced negative movement with the MSCI Emerging Markets Index falling 2.83% since the 16th of May.  It is up 16.68% from the same time last year but down 3.66% for the calendar year so far.

 

Property trusts have also fallen since the 16th of May with the S&P ASX 200 A-Reit Index (formerly known as the Property Trust Index) falling by 5.19%.  The index is down 33.36% from the same time last year and also down 23.61% for the calendar year so far..  The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, has fallen 3.19% over the same period.  It is down 20.20% from the same time last year and down 2.17% for the calendar year so far.

 

Exchange Rates

As of 4pm the 30th of May, the value of the Australian dollar has risen against major benchmarks for the fortnight.  It has risen against the US Dollar since the 16th of May being up 1.16% at .9559.   It is up 16.74% from the same time last year and up 8.43% for the calendar year so far.  Since May16th the Aussie has also risen 0.83% against the Trade Weighted Index now at 72.8.  This puts it up by9.31% since the same time last year and up 5.97% for the calendar year so far.  (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)

 

General News

Since our last edition the Australian Bureau of Statistics has released a range of interesting data.  For the month of April, retail trade figures have reduced by 0.2%.  This was worse than analyst expectations of a 0.2% rise.

 

They have also released the latest business indicator data up to the end of March 2008 with a 2.2% increase in company gross operating profits for the first quarter of 2008 compared to the December 2007 quarter and up 7% over the year.  News reports suggest that economists were expecting gross operating profits to rise by 1.0 per cent in the quarter.

Posted by: Scott Keefer AT 05:49 pm   |  Permalink   |  Email
 
Scott Francis' articles in the Eureka Report 
Request for Information 
If you have questions, or would like more information, please go to our Contact page and leave your name and contact information.

Plan Well, Invest Well, Live Well! Financial advice providing a clear direction

A Clear Direction Financial Planning and Portfolio Management ABN 85 147 572 870

Level 19
10 Eagle Street
Brisbane QLD Australia
Ph: (07) 3303 0269
Email: scottk@acleardirection.com.au

Authorised Representative (398444) and Credit Representative (403292) of FYG Planners Pty Ltd AFSL/ACL 224 543.

ASIC - Financial Advisers Register

All content of this website is copyright © A Clear Direction Financial Planning Pty Ltd, 2017

FYG Planners Pty Ltd & A Clear Direction Financial Planning Privacy Policy