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 
Tuesday, March 11 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 the following link to be taken to the sign up page - The Financial Fortnight That Was Sign Up Page.

The financial topic discussed this fortnight was the use of fixed interest in portfolios.  The latest edition also contained the following Market Update:

Market News

 

Market Indices

Since our previous edition, Australian and global sharemarkets have continued to experience downward movement.  The S&P ASX200 Index has fallen 5.32% from the 22nd of February to the 7th March.  It is down 9.64% from the same time last year and down 16.97% for the calendar year (2008) so far.  The S&P Global 1200, a measure of the global market, has fallen 2.64% over the same period.  The index is down 2.90% from the same time last year and down 10.95% for the calendar year so far.

 

Emerging markets have also experienced negative movement with the MSCI Emerging Markets Index falling 3.22% since the 22nd of February.  It is up 21.15% from the same time last year but down 10.96% for the calendar year so far.

 

Property trusts have not been immune from negative movements since the 22nd of February with the S&P ASX 200 Property Trust Index falling by 9.00%.  The index is down 35.10% from the same time last year and also down 25.59% for the calendar year so far.  The S&P/Citigroup Global Real Estate Investment Trust (REIT) Index, a measure of the global property market, on the other hand has fallen 4.00% over the same period.  It is down 24.86% from the same time last year and down 9.60% for the calendar year so far.

 

Exchange Rates

As of 4pm the 7th March, the value of the Australian dollar had risen since the 22nd February with the Aussie dollar up 0.93% against the US Dollar at .9289.   It is up 19.50% from the same time last year and up 5.37% for the calendar year so far.  Since February 22nd the Aussie has fallen 0.57% against the Trade Weighted Index now at 70.3.  This puts it up by 10.19% since the same time last year and up 2.33% 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 board of the Reserve bank of Australia lifted the official target for its cash rate to 7.25%.  The change was made in order to 'contain and reduce inflation over the medium term'.

 

The Australian Bureau of Statistics has also released the latest national accounts data with Australia's economy growing 0.6% in the December quarter 2007 leaving the annualised rate at 3.9%.

Posted by: Scott Keefer AT 07:51 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