Lonsec Market Commentary – October 2015
The S&P/ASX 200 Accumulation Index posted a 4.4% return over the month of October, with the Energy sector leading the way.
Global markets rebounded to record their best month in four years. Markets were up across the board – the S&P 500 index saw a 6.7% gain, the Nikkei was up 9.7%, the Hang Seng up 8.6%, the DAX up 12.3% and the FTSE 100 gained 4.9%.
The Australian Dollar finished up 1.6% against the US Dollar by the end of October. The US Fed and the Australian RBA both kept interest rates on hold although both hinted at possible rate cuts by the end of the year.
For more of the domestic and international economic news for October you can read the full Lonsec Market Commentary here: