19 November 2014

Weekly Market Update ~ week ending 14 November 2014

weekly market update
Investment markets and key developments over the past week
  • Shares were mixed over the last week with Japanese shares up 3.6% on prospects for a delay in the next sales tax hike, Chinese shares gaining 2.5% as the start of the Shanghai-Hong Kong share market link was confirmed, US shares up 0.4%. European shares were unchanged – not helped by renewed worries regarding Ukraine and Australian shares were down 1.7%. Bond yields rose slightly in the US, but fell elsewhere. With the US dollar consolidating after its surge since June, the Australian dollar managed to rise slightly.
  • The most significant move over the last week has been the continuing fall in oil prices. They are down around 30% since June and, if sustained, will add about 0.6% to US economic growth over the year ahead, offsetting the negative impact from the rising US dollar. The fall in oil prices is likely to push average Australian petrol prices below A$1.30/litre which would represent a saving to the average family petrol bill since June of A$8 a week.

Please click here to read the full article:  Weekly Report ~ 14 November 2014

The author is an employee of Verante Financial Planning in Castle Hill, Corporate Authorised Representative of Magnitude Group Limited, Licence No 221557, Magnitude Group Limited ABN 54 086 266 202.