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

Verante Pty Ltd is a Corporate Authorised Representative of Viridian Select Pty Ltd, ABN 41 621 447 345, AFSL 515762. This information has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on this information consider its appropriateness, having regard to your objectives, financial situation and needs.

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