Market Commentary – December 2019

Dec 31, 2019

The ASX200 index closed 4 points lower at 6,684 in a relatively settled quarter.

The Reserve Bank of Australia (RBA) cut the official interest rates in October to 0.75% pa. The Chief Economists at the major banks are predicting another rate cut in the coming months.

There were several developments in the prevailing global economic trends this quarter. Trade wars cooling and Brexit finally progre

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Market Commentary – September 2019

Sep 30, 2019

Market Commentary – September 2019

The ASX200 index closed 1% higher at 6,688 in a volatile quarter.  

The Reserve Bank of Australia (RBA) cut the official interest rate for a third time in recent months. Official interest rates are now at a his

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Market Commentary – June 2019

Jun 30, 2019

The ASX200 index continued its rally a further 7% over the June quarter closing at 6,619. The sharemarket is now approaching the all-time high set back in October 2007.

The Australian Liberal Party won the May federal election which according to poles was an unlikely victory. The Reserve Bank of Australia (RBA) cut offi

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Market Commentary – March 2019

Mar 31, 2019

Market Commentary – March 2019

The ASX200 index bounced back 9% over the March quarter closing at 6,181. The sharemarket has largely recouped falls from the December quarter on news the US-China trade wars have been paused. Though the economic and political landscape remains largely unchanged with the

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Market Commentary – December 2018

Dec 31, 2018

Market Commentary – December 2018

The ASX200 index recorded a negative 9% this quarter closing at 5,646. This was the largest quarterly fall since September 2011. The DOW suffered the largest single month fall in December since 1931. The falls have derived from International events including trade war tremors, slowing growth in China

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FirstWrap Investment Strategy – December 2018 Update

Dec 31, 2018

Market Commentary – December 2018

The ASX200 index recorded a negative 9% this quarter closing at 5,646. The falls have derived from International events including trade war tremors, slowing growth in China and ongoing machinations of Brexit in Europe.

Notwithstanding the local sharemarket movement the Australian economy remains in

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Market Commentary – September 2018

Sep 30, 2018

The ASX200 index closed flat for the quarter up 0.2% in the to close 6,207.

Australia’s economic outlook continues to improve with growth expected to be above trend estimates for the prior 12 months. The housing market continues a gradual trend down with both Sydney and Melbourne price declines expanding across more suburbs and market segments. Auction clear

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Market Commentary – June 2018

Jun 30, 2018

The ASX200 index rose 7.6% in a strong quarter to close at 6,195.

Australia’s economic outlook continues to improve with growth expected to continue on-trend this year. The housing market cycle has peaked with both Sydney and Melbourne prices easing and auction clearance soft through the Winter period. Business spending and planned public infrastructure proj

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Market Commentary – March 2018

Apr 01, 2018

The ASX200 index fell 5.0% in a volatile quarter to close at 5,752.

Australia’s economic outlook continues to improve with growth expected to continue on-trend this year. Though the housing market cycle appears to have peaked with both Sydney and Melbourne prices easing and auction clearance rates returning to average. Planned infrastructure projects are exp

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Market Commentary – December 2017

Dec 31, 2017

The ASX200 index completed a strong quarter raising 6.7% to close at 6,065.

The RBA’s economic outlook continues to improve with growth expected to continue on-trend this year. The mining sector is expected to weaken further for some time to come. The housing market cycle appears to have peaked. Upcoming supply releasing into the market in the coming

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