Your SlideShare is downloading. ×
0
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
BT Financial Monthly Chart - April 2010
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

BT Financial Monthly Chart - April 2010

398

Published on

BT Financial Monthly Markets Chart: April 2010. An overview of movements in global financial markets. Prepared by BT Financial which includes reviews of the global share markets as well as Australian …

BT Financial Monthly Markets Chart: April 2010. An overview of movements in global financial markets. Prepared by BT Financial which includes reviews of the global share markets as well as Australian share market, dominant currencies, interest rates and both short and long term asset classes.

Published in: Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
398
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
9
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. BT Monthly Markets Chart Pack – April 2010 An overview of movements in global financial markets
  • 2. Global share markets were mostly lower in April...  Global share markets were mostly lower in April, with losses in Europe (- 3.9%), the UK (-2.2%) and Japan (-0.3%) countered by a relatively strong gain in the US (+1.5%). Headlines throughout the month were dominated by doubts over Greece’s ability to repay its debt and whether or not other European nations will be similarly affected, namely Portugal and Spain.  The Australian share market gave back some of last month’s gains in April, with the S&P/ASX 200 Accumulation Index closing the month 1.4% lower. The fall came mainly on the back of renewed debt concerns in Europe, though expectations of higher interest rates both here and in China (which has the potential to hurt demand for our commodities) were also negatives. 2
  • 3. …but continue to perform well over the long-term, despite some major market events Impact of major market events on global shares since 1988 6,200 Jul 01 Tech Wreck Jun 07 5,700 US Sub-prime Crisis 5,200 Sep 01 Jul 98 4,700 Russian Bond Attack on Twin Towers Crisis 4,200 3,700 Aug 97 Asian Currency Crisis 3,200 Nov 89 Fall of the 2,700 Berlin Wall Feb 94 Mar 03 Bond Market Crash Troops enter 2,200 Jan 91 Iraq Gulf War 1,700 1,200 700 Apr-88 Apr-90 Apr-92 Apr-94 Apr-96 Apr-98 Apr-00 Apr-02 Apr-04 Apr-06 Apr-08 Apr-10 Global shares measured by the MSCI World ex-Australia (net dividends) Index in A$. Source: BT Financial Group, MSCI 3
  • 4. The Australian share market closed 1.4% lower in April S&P/ASX 200 Accumulation Index – year to 30 April 2010 36,000 34,500 33,000 31,500 30,000 28,500 27,000 25,500 24,000 30/04/2009 30/06/2009 30/08/2009 30/10/2009 30/12/2009 28/02/2010 30/04/2010 Source: BT Financial Group, Premium Data 4
  • 5. Key Australian economic news – April  The Reserve Bank of Australia raised interest rates by a further 0.25% following its early May meeting, taking the official cash rate to 4.50%. It was the Bank’s sixth rate rise in the past seven meetings.  Australia’s trade balance was in deficit to the tune of A$2.08 billion in March after a revised deficit of A$1.70 billion (previously A$1.93 billion) in February.  Inflation continued to rise, with the Consumer Price Index jumping 0.9% in the March quarter. The market had expected a gain of 0.8%.  Westpac’s leading index – a measure of future economic growth – rose by 0.5% in February, its highest level since July 2008.  Retail trade rose a modest 0.3% in March following a revised fall of 1.2% (previously 1.4%) in February. Source: BT Financial Group 5
  • 6. The Australian dollar continued to rise against the US dollar in April  The Australian dollar (A$) made only a modest gain against the US dollar in April, up 0.8% on the back of stronger economic data and expectations of yet more interest rate hikes by the Reserve Bank.  The A$ is now up 54% against the US$ since hitting a low of US$0.6012 cents in October 2008 and may yet hit parity with the US currency later this year, particularly if the differential between our interest rates and theirs continues to widen.  At the end of April: A$1 bought US$0.9244 +0.8% €0.6957 +2.5% ¥86.72 +1.2% Source: BT Financial Group 6
  • 7. The Australian dollar versus the US dollar… Currency markets – A$ per US dollar 0.9900 0.9600 0.9300 0.9000 0.8700 0.8400 0.8100 0.7800 0.7500 0.7200 0.6900 0.6600 0.6300 Apr-05 Oct-05 Apr-06 Oct-06 Apr-07 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Source: BT Financial Group. Figures at 30 April 2010 7
  • 8. the Euro… Currency markets – A$ per Euro 0.7100 0.6900 0.6700 0.6500 0.6300 0.6100 0.5900 0.5700 0.5500 0.5300 0.5100 0.4900 Apr-05 Oct-05 Apr-06 Oct-06 Apr-07 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Source: BT Financial Group. Figures at 30 April 2010 8
  • 9. and the Yen Currency markets – A$ per Yen 110 105 100 95 90 85 80 75 70 65 60 55 Apr-05 Oct-05 Apr-06 Oct-06 Apr-07 Oct-07 Apr-08 Oct-08 Apr-09 Oct-09 Apr-10 Source: BT Financial Group. Figures at 30 April 2010 9
  • 10. Official world interest rate movements – April  Interest rates in the major economies remained unchanged in April. The Reserve Bank of Australia raised the official cash rate by a further 0.25% (to 4.50%) in early May. Direction of Current rate Last moved last move Australia 4.50% May 2010 US 0% - 0.25% Dec 2008 Europe (ECB) 1.00% May 2009 Japan 0.10% Dec 2008 United Kingdom 0.50% Mar 2009 Source: BT Financial Group 10
  • 11. Global share market returns 30 April 2010 1 year 3 years (pa) 5 years (pa) Global S&P 500 Index (US) 35.96% -7.15% 0.51% Nasdaq (US Tech.) 43.32% -0.85% 5.07% Nikkei 225 (Japan) 25.25% -14.03% 0.09% Hang Seng (Hong Kong) 36.00% 1.28% 8.70% DAX (Germany) 28.65% -6.09% 7.95% CAC (France) 20.80% -13.80% -0.49% FTSE 100 (UK) 30.86% -4.86% 2.95% Australia S&P/ASX 200 Accum. Ind. 32.38% -3.81% 8.43% S&P/ASX Small Ordinaries 39.26% -8.99% 7.16% S&P/ASX 300 Listed Prop. 38.87% -23.14% -6.52% Source: BT Financial Group 11
  • 12. Short-term asset class performance 1-year rolling returns to 30 April 2010 (%) Best performing asset class for the year 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 Australian 3.63 6.28 7.10 6.32 5.75 5.61 5.17 4.93 4.71 6.34 5.31 5.07 5.31 7.02 7.80 6.52 cash Australian 3.29 12.76 3.59 5.01 4.50 7.44 2.64 9.12 4.84 10.30 1.86 6.94 13.99 12.65 12.81 4.73 bonds Australian 38.87 -57.23 -23.56 33.20 18.04 21.29 11.73 13.25 18.53 11.49 6.70 1.92 29.88 19.11 3.19 6.39 property Australian shares 32.38 -28.82 -5.56 22.18 37.87 22.19 17.96 -6.46 4.05 10.56 6.46 15.90 15.97 15.97 17.01 4.29 International 10.51 7.85 7.43 7.07 3.08 9.79 5.43 12.56 7.84 10.32 0.96 8.71 11.50 11.08 13.20 7.94 bonds International 7.36 -22.02 -14.08 6.30 27.70 1.71 12.06 -26.98 -18.30 -4.26 27.91 14.03 55.36 11.05 9.85 7.85 shares Source: S&P/ASX 200 Accumulation Index, MSCI World ex-Australia (net dividends) Index in A$, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Barclays Capital Global Aggregate Bond Index hedged to $A , UBS Bank Bill 0+ years 12
  • 13. Short-term asset class performance (cont’d) 1-year returns to 30 April 2010 (%) 30 April 2009 30 April 2010 12.8 Australian bonds 3.3 -57.2 Listed property 38.9 -28.8 Australian shares 32.4 7.9 Global bonds 10.5 -22.0 Global shares 7.4 Source: S&P/ASX 200 Accumulation Index, MSCI World ex-Australia (net dividends) Index in A$, S&P/ASX 300 Property Index, UBS Composite 0+ years index, Lehman Brothers Global Aggregate Bond Index hedged to $A 13
  • 14. Long-term asset class performance 30 April 2010 $24,000 Australian shares $22,500 $21,000 $19,500 $18,000 Listed property $16,500 Australian bonds $15,000 Global shares $13,500 $12,000 $10,500 $9,000 $7,500 Cash $6,000 $4,500 $3,000 $1,500 $0 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 Note: Accumulated returns based on $1,000 invested in December 1984 Source: S&P/ASX 300 Accumulation Index, MSCI World ex-Australia (net dividends) Index in A$, S&P/ASX 300 Property Index, UBS Composite 0+ years index, UBS Bank Bill 0+ years 14
  • 15. Oil prices rose 2.9% in April on US dollar weakness and reports that global manufacturing is strengthening Oil prices – US$ per barrel $150 $135 $120 $105 $90 $75 $60 $45 $30 $15 $0 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 Source: BT Financial Group. West Texas Intermediate oil price at 30 April 2010 15
  • 16. This presentation has been prepared by BT Financial Group Limited (ABN 63 002 916 458) ‘BT’ and is for general information only. Every effort has been made to ensure that it is accurate, however it is not intended to be a complete description of the matters described. The presentation has been prepared without taking into account any personal objectives, financial situation or needs. It does not contain and is not to be taken as containing any securities advice or securities recommendation. Furthermore, it is not intended that it be relied on by recipients for the purpose of making investment decisions and is not a replacement of the requirement for individual research or professional tax advice. BT does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this presentation. Except insofar as liability under any statute cannot be excluded, BT and its directors, employees and consultants do not accept any liability for any error or omission in this presentation or for any resulting loss or damage suffered by the recipient or any other person. Unless otherwise noted, BT is the source of all charts; and all performance figures are calculated using exit to exit prices and assume reinvestment of income, take into account all fees and charges but exclude the entry fee. It is important to note that past performance is not a reliable indicator of future performance. This document was accompanied by an oral presentation, and is not a complete record of the discussion held. No part of this presentation should be used elsewhere without prior consent from the author. For more information, please call BT Customer Relations on 132 135 8:00am to 6:30pm (Sydney time) 16

×