FirstWrap commentary – June 2023 Quarter
During the quarter the RBA increased the cash rate another 2 times by 0.25% in May and June. This took the RBA cash rate to 4.1%. Inflation remains a concern and will take some time to ease. Over the next 3 to 6 months there will be over 800,000 mortgages
March Quarter in Review
The ASX200 rose 1.98% closing at 7,178 for the March quarter. Interest rates remain a key focus in markets with the RBA pausing after a range of indicators suggest inflation may have peaked following ten consecutive interest rate increases. However, the RBA noted cost of li
September Quarter Review
Amongst a fluctuating economic outlook, the Australian market fell 1.43% in the September quarter to close at 6,474, as global Central Banks raise interest rates. The US Federal Reserve has increased interest rates 3% this year. The Reserve Bank of Australia (RBA) has comp
June Quarter Review
Financial markets fell in the June quarter reacting to the Russian invasion of Ukraine and subsequent re-emergence of inflation. Central Banks around the world have countered generating the first of many interest rate increases. The Reserve Bank of Australia (RBA) made its firs
Market Commentary
Global markets tumbled over the quarter triggered by the COVID19 pandemic. The outbreak has resulted in the fastest ever Australian stock market crash in history, with the ASX200 index falling near 40% in four weeks from its peak on the 20th of February.