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Markets chartpack

Markets chartpack. June 2007. Key Australian economic news.

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Markets chartpack

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  1. Markets chartpack June 2007

  2. Key Australian economic news • The Reserve Bank of Australia (RBA) left interest rates on hold at 6.25% following its early July meeting. However, should the next round of CPI data show a significant pick-up in underlying inflation, it’s possible that the RBA could pull the trigger on another rate hike as soon as August. • March quarter GDP growth was strong at 1.6%, taking domestic growth back above its 15-year trend of 3.6% per annum. • Recent rains have added to evidence that the drought may be coming to an end, with the Australian Bureau of Agricultural and Resource Economics (ABARE) forecasting a 136% increase in winter crop production. Source: BT Financial Group

  3. Australian dollar • The Australian dollar (A$) made solid gains against the US dollar over the month, reaching an 18-year high of over US$0.85 cents. At the end of June, the A$ bought: • US$0.8501 (+2.7%) • €0.6280 (+2.0%) • ¥104.78 (+4.0%) Source: BT Financial Group.

  4. Currency markets – A$ per US$ Source: BT Financial Group. Figures as at 30 June 2007.

  5. Currency markets – A$ per Euro Source: BT Financial Group. Figures as at 30 June 2007.

  6. Currency markets – A$ per Yen Source: BT Financial Group. Figures as at 30 June 2007.

  7. Official world interest rates • The European Central Bank and the Bank of England raised interest rates by 0.25% in June and early July respectively. The US, Japan and Australia left their benchmark rates on hold. Source: BT Financial Group.

  8. 2007 World Growth Estimates • World growth is now expected to be 3.4% in 2007, up from 3.3% last month. Growth is still expected to be 3.4% in 2008. Month of forecast Source: Consensus Economics

  9. Share market indices at 30 June 2007 Source: BT Financial Group.

  10. Asset class performance Source: S&P/ASX 300 Acc Index, MSCI World ex Aust (net divs) Index in $A, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Citigroup World Government Bond, Unhedged in AUD

  11. Asset class performance 1-year rolling returns to 30 June 2007 Source: S&P/ASX 300 Acc Index, MSCI World ex Aust (net divs) Index in $A, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Citigroup World Government Bond, Unhedged in AUD Note: Best performing asset class for each year is highlighted

  12. Asset class performance Source: S&P/ASX 300 Acc Index, MSCI World ex Aust (net divs) Index in $A, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Citigroup World Government Bond, Unhedged in AUD

  13. Long-term asset class performance Source: S&P/ASX 300 Acc Index, MSCI World ex Aust (net divs) Index in $A, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Citigroup World Government Bond, Unhedged in AUD

  14. Oil prices (US$ per barrel) • Oil prices spiked to 10-month highs above US$70 a barrel in June, largely on the back of supply concerns. Source: BT Financial Group. West Texas Intermediate as at 30 June 2007.

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