Inflation fears moderate in Australia. The Consumer Price Index fell by 0.1% in the fourth quarter, the market was forecasting a 0.2% rise. Bond yields rose globally as stronger than expected economic growth, notably from the US, weighed on fixed interest markets. International listed property (+5.5%) was the best performing major asset class in January. Australian equities delivered a strong return as M&A activity continued. Japanese equity market reaches levels last witnessed in 1999 as Bank of Japan left rates unchanged and a weak Yen continued to benefit exporters.
20th-February-2007 |