Skip to main content
A Clear Direction
rss feedour twitterour facebook page linkdin
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 
Wednesday, October 17 2007

The latest edition of The Financial Fortnight That Was has been emailed to subscribers.  This edition looks at the problems of Active Management.  If you would like to receive this free email service go to the Sign Up page found on our website.

Please read on for the latest market news for the fortnight concluding Monday 15th October.

Market News


Market Indices

Since our previous edition, Australian and global sharemarkets have had positive fortnights.  The S&P ASX200 Index has risen 2.67% from the 1st to the 15th of October, up 18.86% for the calendar year so far.  The S&P Global 1200, a measure of the global market, has risen by 0.95% over the same period, placing the index up 12.90% for the year.


Emerging markets saw continued strong growth with the MSCI Emerging Markets Index rising 5.46% for the fortnight and is now up 35.16% 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 by 1.35%, to be up 1.75% for the year so far.  The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, however fell slightly, 0.14 % for the fortnight, and has fallen 2.04% this year so far.


Exchange Rates

As of 4pm the 15th October, the value of the Australian dollar had again risen over the past fortnight with the Aussie dollar up 2.43% against the US Dollar at .9057, up 14.46% for the year so far, and up 3.55% against the Trade Weighted Index at 71.7, now up 10.48% for the year so far.  (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)


General News

The Australian Bureau of Statistics has released the Australian labour market statistics for September with the unemployment rate falling to 4.2%.


As you will all be aware, the country is now officially in election mode with the Prime Minister calling the election to be held on the 24th of November.  During the next 6 weeks the government and opposition parties will be releasing policies that will have potential impacts on financial planning and investment strategies.


Posted by: Scott Keefer AT 02:31 am   |  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

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