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Please rea on for the latest market news for the fortnight concluding Monday 17th September.
Since our previous edition, Australian and global sharemarkets have had flat fortnights. The S&P ASX200 Index has risen 0.06% from the 3rd to 17th September, up 10.61% for the calendar year so far. The S&P Global 1200, a measure of the global market, on has fallen by 0.63% over the same period, placing the index up 5.08% for the year.
Emerging markets also been flat with the MSCI Emerging Markets Index rising 0.04% for the fortnight and is now up 17.98% for the year so far.
Property trusts have had mixed performances over the past fortnight with the S&P ASX 200 Property Trust Index rising 0.92%, and is now in positive territory for the year so far up 0.72%. The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, however was down 2.21% for the fortnight and has fallen 6.94% this year so far.
As of 4pm the 17th September, the value of the Australian dollar had again risen strongly over the past fortnight with the Aussie dollar up 2.60% against the US Dollar at .8439, up 6.65% for the year so far, and up 1.96% against the Trade Weighted Index at 67.6, now up 4.16% for the year so far. (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)
The Australian Bureau of Statistics published the labour force data for August 2007 with unemployment rate steady at 4.3% and participation rate rising to 65.1%.