MARKET COMMENTARY – June 2024

Jun 30, 2024

June 2024 Quarter in Review

In the June quarter the ASX200 run faltered recording a fall of 129 points or 1.6% closing at 7,768. The market traded sideways over the volatile period fluctuating within a 400-point range as the market seeks greater certainty. The Reserve Bank (RBA) held rates at 4.35

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MARKET COMMENTARY – March 2024

Mar 31, 2024

March 2024 Quarter in Review

The March quarter saw the ASX200 close 306 points higher at 7,897 points, a 4% increase, extending the market run since November 2023. The Reserve Bank (RBA) held rates at 4.35% stating inflation control is the highest priority. While inflation is slowly returning to t

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FirstWrap commentary – March 2024

Mar 31, 2024

FirstWrap commentary – 31st March 2024

The March quarter saw the ASX200 close 306 points higher at 7,897 points, a 4% increase, extending the market run since November 2023. The Reserve Bank (RBA) held rates at 4.35% stating inflation control is the highest priority. While inflation i

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FirstWrap commentary – 31st December 2023

Dec 31, 2023

FirstWrap commentary – 31st December 2023

The ASX200 closed 553 points higher, a 7.27% increase for the December quarter. With December alone accounting for the bulk of the increase of 515 points. The Reserve Bank (RBA) raised interest rates again in November to 4.35% conceding Austra

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MARKET COMMENTARY – December 2023

Dec 31, 2023

December Quarter in Review

The ASX200 closed 553 points higher, a 7.27% increase for the December quarter. With December alone accounting for the bulk of the increase of 515 points. The Reserve Bank (RBA) raised interest rates again in November to 4.35% conceding Australian inflation has peaked bu

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FirstWrap commentary – Sept 2023 Quarter

Sep 30, 2023

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

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MARKET COMMENTARY – September 2023

Sep 30, 2023

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

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MARKET COMMENTARY – June 2023

Jun 30, 2023

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

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FirstWrap Commentary – June 2023 Quarter

Jun 30, 2023

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

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FirstWrap Commentary – March 2023 Quarter

Mar 31, 2023

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

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