Lonsec Market Commentary – April 2016
The ASX continued it’s recovery from its February lows this month, with April returns (as measured by the S&P/ASX 200 Accumulation Index) at 3.37%. Gains were driven by the Materials, Energy and Financials sectors.
Globally, the S&P 500 Index fell 1.42%, the DAX finished up at 0.74% and the FTSE 100 ended April up 1.09%. The Nikkei 225 Index and the Shanghai Shenzhen CSI 300 Index were down, while the Hang Seng finished up.
The RBA dropped interest rates in April to a new historic low of 1.75%, advised as a preemptive move to avoid deflation.
In Australia we also saw unemployment fall again in March, retail turnover rise 0.4% and the trade deficit narrow.
For the full summary, you can read the April Lonsec Market Commentary here:
Lonsec Market Commentary – April 2016 AUS, financial information AUS, personal financial goals AUS, retirement savings AUS, income protection insurance AUS, estate planning AUS,
Lonsec Market Commentary – April 2016, financial information, personal financial goals, retirement savings, income protection insurance, estate planning,
Lonsec Market Commentary – April 2016 WA, financial information WA, personal financial goals WA, retirement savings WA, income protection insurance WA, estate planning WA,