- The RBA kept the overnight cash rate steady at 2.50% during the September meeting. The rate was also left unchanged during the October sitting.
- The Three Month Bank Bill Swap rate was maintained at the price level of 2.45%.
- Ten Year Bond Rates fell by -0.08%, ending the month priced at 3.81%.
- Australian equities continued their recent rise in September, with the All Ordinaries Price Index gaining 1.80% while the S&P/ASX 200 Price Index added 1.63% for the month.
- Australian Listed Property increased slightly, up by 0.90% in September as measured by the S&P/ASX 300 AREITS Price Index.
- Many of the major global equities markets recovered in September, which was an overall positive month for risk assets. Japan was the standout performer, gaining 7.96% for the month and a strong 61.93% growth in the past 12 months.
- US Equities also had a positive month, with the Dow Jones Industrials Price Index and the S&P 500 Price Index up by 2.16% and 2.97% respectively.
- The $US price of gold had a poor month, falling by -4.75% in September to bring total losses over the past 12 months to -25.01%.
- Oil also lost in September, with the price of West Texas Crude falling by -4.94%. Overall, spot prices for commodities fell -1.14% for the month, as measured by the CRB Spot Commodity Price Index (USD).
- The Australian Dollar bounced back in September, appreciating against most major currencies. AUD rose 4.90% against USD, 2.51% against EUR and 4.95% against JPY.
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Source: Zenith Investment Partners
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