Market Review – December 2025: Australian equities rose while unhedged international equities fell; Both Australian and international bonds fell; Australian dollar strengthened; Oil continued its decline, gold moved higher.
How the different asset classes have fared: (As at 30th November 2025) Key Themes: · Australian equities fell and international equities rose: Australian equities declined in November as investors continued to price in rate-cut projections. International equities posted modest gains despite concerns around the steep valuations of AI-related stocks. · Bond yields fell internationally […]
How the different asset classes have fared: (As at 31st October 2025) Key Themes: · Australian and international equities rose: International equities gained as excitement around AI continued, while Australian equities ended slightly higher on rising commodity prices. · Bond prices edged up: Yields were volatile through the month as investors weighed potential interest-rate […]
How the different asset classes have fared: (As at 30 September 2025) Key Themes: Equities were mixed: Australian equities were an outlier in global markets, falling while most other major stock markets rose. This was largely due to broader inflation concerns, as well as a major buyout deal for Santos Ltd falling through. Bond prices […]
How the different asset classes have fared: (As at 31 August 2025) Key Themes: · Equities rose: Both international and Australian equities continued to climb, gaining 0.96% and 3.05%, respectively. International equities were supported by a strong reporting season, while Australian equities outperformed in the materials sector. · Bond prices ended slightly […]
How the different asset classes have fared: (As at 31 July 2025) Key Themes: · Equities rose: Both international and Australian equities continued to climb, gaining 3.12% and 2.59%, respectively. International equities were supported by a strong reporting season, while Australian equities rebounded in the healthcare sector. · Bond prices ended slightly […]
How the different asset classes have fared: (As at 30 June 2025) Key Themes: · Equities rose: International equities gained as they continued to recover from the market correction triggered by the US tariff announcements on 2 April. Australian equities also rose, supported by strong performances from major banks and rising energy prices. · Bond prices […]
How the different asset classes have fared: (As at 31 May 2025) Key Themes: · Equities performed well: Following the de-escalation of former President Trump’s initial tariff policies, investors rotated from defensive assets into risk assets. International equities outperformed, led by the US, while Australian equities also rose—albeit slightly less—as concerns remained about the future of […]
How the different asset classes have fared: (As at 30 April 2025) Key Themes: · Equities Were Mixed: Following a significant downturn at the beginning of the month due to tariff announcements, the Australian equity market rebounded strongly, achieving a solid return. In contrast, international shares did not fully recover their earlier losses. · Bond Prices […]
How the different asset classes have fared: (As at 31 March 2025) Key Themes: Equities Declined: Equities fell in March as investors continued to transition out of overvalued sectors into safer assets and sectors that had been neglected in 2024. This was compounded by ongoing uncertainty around the increasing number of US tariffs imposed by Donald […]