1. The RBA kept the overnight cash rate steady at 2.75% during the June meeting. The rate was also left unchanged at the July sitting.
2. The Three Month Bank Bill Swap rate remained unchanged at month end, priced at 2.56%
3. The Ten Year Bond rate gained 40 basis points (bp), ending the month priced at 3.36%.
4. Australian Equities continued their recent downward correction, with the All Ordinaries Price Index falling by 2.82% while the S&P/ASX 200 Price Index fell by 2.52%
5. Australian Listed Property followed the broader Australian equities market downwards, with the S&P/ASX 300 AREITS Index falling by 2.56%.
6. Regional equities markets performed poorly in June, with most major regional equities indices recording losses. The Hang Seng Price Index (Hong Kong) and the FTSE 100 Price Index (UK) were the worst hit, declining by 7.10% and 5.58% respectively.
7. European and US equities also posted losses, with the STOXX 50 Price Index (Europe) falling by 5.27% while the Dow Jones Industrials Price Index and the S&P 500 Price Index fell by 1.36% and 1.50% respectively.
8. The price of gold continued to plummet, falling by 11.05% for the month to bring the total losses over the past twelve months to 22.71%.
9. Overall, commodities prices fell by 1.02% in June as measured by the CRB Spot Commodity Index ($US).
10. The Australian Dollar fell further against most major currencies during June, in particular posting losses against the Japanese Yen, -5.80%, the British Pound, -4.61%, the Euro, -4.60%, and the US Dollar, - 4.52%.
11. Equity market volatility increased for the month, with the VIX Index gaining 0.56%.

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 Source:       Zenith Investment Partners