Market & Portfolio Update – September 2019

9 October by Lifetime in Market Update, Investments

Market & Portfolio Update – September 2019

Market & Portfolio Update – September 2019

September was a positive month for most share markets across the world, bouncing back from some softness in August. Markets were supported by the Federal Reserve in the US reducing their cash rate for the second time this year. The Fed is looking to provide some support for their economy with growth slowing recently.

The NZ dollar continued to decline following the 0.50% OCR reduction last month, which will please the Reserve Bank of New Zealand. The lower NZ dollar supports NZ exporters and the returns of unhedged overseas investments.

Despite bond yields offsetting part of their recent decline in September, a 0.3% net fall in US 10-year yields over the quarter and a 0.5% fall in NZ has meant that fixed interest securities have performed well.  

Disclaimer: This article has been prepared for the purpose of providing general information, without taking into consideration any particular investor’s objectives, financial situation or needs.  Any opinions contained in it are held as at the report date and are subject to change without notice.

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by Lifetime in Investments, Market Update

March saw the Coronavirus have a more tangible effect at home, with the move to lockdown in New Zealand taking it from a global event to something with a very clear impact on our day-to-day lives. Meanwhile, share markets around the world continued to be volatile, with the US S&P 500 index staging a dramatic partial 18% recovery in three days towards the end of the month.