Lonsec Market Commentary – January 2016
As has been widely reported in the media, we have had a volatile start to 2016 with the S&P/ASX 300 down 5.5% over January. Global market weakness and sentiment spurred the downward trend, with only the Telecommunications and Utilities sectors up for the month.
All major global indices fell over January, mostly due to slowing growth in China and a continuing drop in the oil price.
While the oil price fell over the month, gold, silver, tin, zinc and aluminium all made gains.
For more of the domestic and international economic news for January you can read the full Lonsec Market Commentary here:
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