- The RBA kept the overnight cash rate at 2.00% at both the November and December meetings.
- In fixed income, the 3 Month Bank Bill Swap Rate and the 10 Year Australian Bond Rate rose by 0.25% and 0.34%, respectively, in November.
- Corporate debt spreads, as measured by the iTraxx Australian Index, rose to 124.75 in November from the previous reading of 116.39.
- Australian shares posted negative returns, with the All Ordinaries Index and the S&P/ASX 200 Index declining by -1.33% and -1.39%, respectively.
- Domestic listed property under-performed the broader equity market, decreasing -2.83%, as measured by the ASX 300 Property Index.
- International shares posted mix results among various regions, with the Hong Kong declining -2.84% to be the worst performer and Europe gaining 2.65% to be the best performer.
- Commodity prices declined -2.82% in November, as measured by the US$ CRB Spot Commodity Index. Oil had the worst fall, declining by -13.18% over the month in US dollar terms.
- The Australian Dollar appreciated against most currencies in November. It rose by 1.27% against the US Dollar, 4.99% against the Euro, 3.17% versus the British Pound and 2.44% against the Japanese Yen.
- The Australian Trade Weighted Index (TWI) rose by 2.49% over the month, ending November at 61.80.
- The US VIX Volatility Index rose by 1.06% over the month while the domestic share market volatility fell by -1.88%.
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Source: Zenith Investment Partner
15th-December-2015 |