9 May 2014

Weekly Market Update – week ending 2 May 2014

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weekly market updateInvestment markets and key developments over the past week

The past week was mixed for share markets. US shares gained +1%, European shares rose +0.9% and Japanese shares rose +0.4%. Share prices were lifted by good economic and profit news. However, worries about Ukraine acted as a constraint, particularly as the week wore on. Chinese shares fell 0.5% and this weighed on some Asian markets. Australian shares also fell, down 1.3% with mining stocks slipping on the back of the falling iron ore price. In addition, talk of a tax hike pushed retailing stocks down by 2%. Bond yields fell, commodity prices were mixed and the A$ was little changed.

The value of the A$ was resilient in the face of talk of tax hikes which would dampen the outlook for Australia interest rates.


Please click here to read full update:  Weekly Report – 22 May 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.