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Financial Happenings Blog
Tuesday, November 27 2007

The latest edition of our fortnightly email newsletter has been sent to subscribers.  If you would like to be added to the mailing list please click here to be taken to the sign up page.

Within the latest edition was the following Market Update:

Market News


Market Indices

Since our previous edition, Australian and global sharemarkets have both had mixed fortnights.  The S&P ASX200 Index has continued to experience turbulence but has risen 0.25% from the 12th to the 26th of November, up 14.14% for the calendar year so far.  The S&P Global 1200, a measure of the global market, has fallen by 1.26% over the same period, placing the index up 5.40% for the year.


Emerging markets also saw negative movement with the MSCI Emerging Markets Index falling 1.78% for the fortnight.  It is up 26.35% for the year so far.


Property trusts have also experienced mixed fortunes over the past fortnight with the S&P ASX 200 Property Trust Index rising by 4.28%, to be down 2.91% for the year so far.  The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, fell 6.14 % for the fortnight, and has fallen 14.46% this year so far.


Exchange Rates

As of 4pm the 26th November, the value of the Australian dollar had fallen again over the past fortnight, after experiencing significant turbulence, with the Aussie dollar down 0.95% against the US Dollar at .8839, but up 11.70% for the year so far.  It was also down 1.30% against the Trade Weighted Index at 68.5, still up by 5.55% for the year so far.  (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)


General News

It will be worth keeping an eye and ear out for any changes to the financial services industry due to the change of government last Saturday.  There are murmurs of further simplification of the process which will be worth keeping an eye out for.

Posted by: Scott Keefer AT 02:11 am   |  Permalink   |  Email
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