The ASX200 closed 154 points lower falling 2.15% for the September quarter. The new Reserve Bank Governor, Michele Bullock, began her seven-year term in September. Governor Bullock in her first board meeting reiterated the bank’s commitment to do what is necessary to reduce inflation to 2-3% p.a. The August monthly inflation indicator continued trending lower
September Quarter in Review
The ASX200 closed 154 points lower falling 2.15% for the September quarter. The new Reserve Bank Governor, Michele Bullock, began her seven-year term in September. Governor Bullock in her first board meeting reiterated the bank’s commitment to do what is necessary to
June 2023 Quarter in Review
The ASX200 closed relatively flat for the quarter increasing 25 points or 0.36% to 7,203 for the June quarter. Interest rates remain a key focus for markets, with the Reserve Bank of Australia (RBA) announcing its second pause in interest rates after twelve rate increas
FirstWrap commentary – June 2023 Quarter
During the quarter the RBA increased the cash rate another 2 times by 0.25% in May and June. This took the RBA cash rate to 4.1%. Inflation remains a concern and will take some time to ease. Over the next 3 to 6 months there will be over 800,000 mortgages
FirstWrap commentary – March 2023 Quarter
During the quarter the RBA increased the cash rate another 2 times by 0.25% each time. This was the 10 consecutive rate increase from the RBA taking the cash rate to 3.6%. The April meeting saw rate remain on hold with no increase while the RBA looks for
March Quarter in Review
The ASX200 rose 1.98% closing at 7,178 for the March quarter. Interest rates remain a key focus in markets with the RBA pausing after a range of indicators suggest inflation may have peaked following ten consecutive interest rate increases. However, the RBA noted cost of li
MARKET COMMENTARY – December 2022
2022 Year in Review
The ASX200 recorded a fall of 5.45% for the year closing at 7,039. The bear market was characterised by frequent hopeful rallies on any sign of changing prospects or sentimen
FirstWrap commentary – December 2022 Quarter
The Australian market had a strong quarter with the market finishing up 8.72% for the quarter but down -6.32% for the calendar year. The RBA continued to raise interest rates attempting to control inflation. The Reserve Bank of Australia interest rate
Please find attached your Colonial First State FirstWrap Superannuation quarterly report. The following information is contained within the report:
September Quarter Review
Amongst a fluctuating economic outlook, the Australian market fell 1.43% in the September quarter to close at 6,474, as global Central Banks raise interest rates. The US Federal Reserve has increased interest rates 3% this year. The Reserve Bank of Australia (RBA) has comp