Lonsec Market Commentary – September 2015
As reported widely in the media, markets were volatile both nationally and internationally for much of September, spurred on by concerns around the state of the Chinese economy, the timing of US interest rate hikes and a weakening global economy. In Australia the Energy, Resources, Banking and Healthcare sectors were all down over the month, however the IT and Industrial sectors were up 5.3% and 1.4% respectively.
Off the back of the heightened volatility in equities markets and a subsequent rise in risk aversion, the Australian bond market ended higher at the end of September.
While Australian retail sales figures were down, export earnings increased over the period, narrowing our national budget deficit slightly.
For a round up of the domestic and international economic news for September you can read the full Lonsec Market Commentary here: