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 Financial Happenings Blog 
Tuesday, January 15 2008

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.

The financial topic discussed this fortnight was the failure of firecasts.  The latest edition also contained the following Market Update:

Market News

 

Market Indices

Since our previous edition, Australian and global sharemarkets have seen strong falls.  The S&P ASX200 Index has fallen 2.38% from the 10th December to the 14th of January.  It is up 6.05% from the same time last year but down 5.68% for the calendar year (2008) so far.  The S&P Global 1200, a measure of the global market, has fallen 6.69% over the same period.  The index is up 4.77% from the same time last year but down 3.41% for the calendar year so far.

 

Emerging markets have also seen negative movement with the MSCI Emerging Markets Index falling 4.83% since the 10th of December.  It is up 29.41% from the same time last year but down 3.07% for the calendar year so far.

 

Property trusts have also experienced an even stronger downward movement since the 10th of December with the S&P ASX 200 Property Trust Index falling by 23.08% (much thanks to Centro).  The index is down 22.44% from the same time last year and also down 12.74% 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 fell 15.18% over the same period.  It is down 22.10% from the same time last year and also down 7.73% for the calendar year so far.

 

Exchange Rates

As of 4pm the 14th January, the value of the Australian dollar had risen since the 10th December with the Aussie dollar up 2.15% against the US Dollar at .8952.   It is up 14.77% from the same time last year and up 1.54% for the calendar year so far.  Since December 10th the Aussie has also risen 1.32% against the Trade Weighted Index now at 69.2.  This puts it up by 7.12% since the same time last year and up 0.73% for the calendar year so far.  (The Trade Weighted Index measures The Australian dollar against a basket of foreign currencies.)

 

Posted by: Scott Keefer AT 05:54 pm   |  Permalink   |  Email
 
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