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Peter Blackett's Economic Update - January 2010
Economic conditions and investment markets - January 2010
Australian share values have lost ground over the month of January 2010 with the ASX 200 Index (as measured by the S&P/ASX 200 index) falling by 6.2%. Again the annual return continues to be positive, with a gain of 29.1% over the 12 months to the end of January 2010, while during the November 2009 to January 2010 quarter, the Australian share market lost 1.6%.
In world markets, January 2010 has also seen a fall of 4.1% with a fall of 1.4% over the quarter to end of January 2010. The annual return for the 12 months to the end of January 2010 shows a positive return of 32.1% (as measured by the MSCI ex Aus World Index).
Property markets are back in negative territory this month with a fall of 2.9%, wiping out the gains from last month. The quarter to the end of January 2010 has property prices steady with a -0.1% fall, whilst the annual position shows a positive return of 7.3% (as measured by the S&P/ASX 200 A-REIT).
The cash rate stands at 3.75% pa, effective from 2 December 2009. Inflation is running at 2.6% pa to the end of December 2009, as measured by the Consumer Price Index (CPI).
The Gold price, as measured by the USD per ounce, spot gold price (US$) has risen 1.28% over the last 30 days (to January 31, 2010) and has risen by 19.53% over the 12 months to January 31, 2010.
In world markets, January 2010 has also seen a fall of 4.1% with a fall of 1.4% over the quarter to end of January 2010. The annual return for the 12 months to the end of January 2010 shows a positive return of 32.1% (as measured by the MSCI ex Aus World Index).
Property markets are back in negative territory this month with a fall of 2.9%, wiping out the gains from last month. The quarter to the end of January 2010 has property prices steady with a -0.1% fall, whilst the annual position shows a positive return of 7.3% (as measured by the S&P/ASX 200 A-REIT).
The cash rate stands at 3.75% pa, effective from 2 December 2009. Inflation is running at 2.6% pa to the end of December 2009, as measured by the Consumer Price Index (CPI).
The Gold price, as measured by the USD per ounce, spot gold price (US$) has risen 1.28% over the last 30 days (to January 31, 2010) and has risen by 19.53% over the 12 months to January 31, 2010.