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
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
Market Commentary
Global markets tumbled over the quarter triggered by the COVID19 pandemic. The outbreak has resulted in the fastest ever Australian stock market crash in history, with the ASX200 index falling near 40% in four weeks from its peak on the 20th of February.