A cut in interest rates prompted a sharp rise in the Australian equity market in February. Equity markets in Europe (the DAX, CAC and FTSE) also continued to gain ground again, as did the S&P 500 and the Japanese, Chinese and Hong Kong indices.
Retail sales and economic growth grew slightly while the current account deficit fell 21%, mainly due to the fall in the Australian Dollar.
For a full summary of how we fared domestically and internationally in February you can read the Lonsec Market Commentary here:
In January 2015 we saw increases across the S&P/ASX 200 Accumulation Index, the S&P/ASX 300 A-REIT Accumulation Index, as well as the major European and Asian indices, while the US S&P 500 which declined 3.1%.
Retail sales growth increased slightly, along with consumer sentiment in Australia. We also saw the RBA cut interest rates for the first time in over 18 months, to a new record low of 2.25%.
For further details and figures you can read the in depth Lonsec Market Commentary for January 2015 here:
In December 2014 we saw the S&P/ASX 200 Accumulation Index rebound, up 2.1% with meant a 5.6% return overall over the past 12 months. Along with Australia, the US also saw overall gains for 2014, with a 13% return on the S&P 500. Over the course of 2014 the DAX, CAC and FTSE all fell with declines of -4%, -5.5% and -3% respectively.
For further updates on how Australian and global markets performed in December 2014, you can read the Lonsec Market Commentary here:
In November 2014 we have seen building approvals and retail sales increase across the country. The S & P 200 Accumulation Index declined 3.3% while the Ausbond Composite Index for Fixed Interest grew 1.3%.
November also saw the Australian Dollar continue to fall against the US Dollar and the RBA kept interest rates on hold.