Search
Close this search box.
hudson-financial-planning-logo

Market Update – October 2016

A flat week on the markets with most markets moving less than half a %. That is, except for our own market which surged 1.3% on the week (close on Wednesday), and an additional 1% on Thursday at the time of this writing.

The ANZ/Roy Morgan Consumer Confidence index was a contributor to this, with a rise in the index of 4.4%, the largest weekly gain in 11 months.

Furthermore, an estimate of family finances by the same group recorded the highest figures in 7 years.

Figures for 29/9/2016
IndexIndex Old (Closed at)Index New (Closed at)% Change
All Ordinaries (Aus)5,4295,5001.3%
Dow Jones (US):18,29318,3390.3%
Nikkei 225 (Japan):16,80716,705-0.6%
Hang Seng (Hong Kong):23,66923,7620.4%
S&P 500 (US):2,1632,1710.4%
FTSE 100 (UK):6,8346,8490.2%
Australian Dollar (US cents)0.760.770.8%

Book a FREE 15 minute meeting

Plant a tree with us today, to sit in the shade in the future.

More From Hudson Financial

Buying Your Dream Home – Steps and Help Available

Congratulations on reaching this exciting milestone in your life!  You have worked hard, completed your education or training, and now you are earning real money...

Annual Update – How Much Does the Average Person Require $ Per Annum to Live a Comfortable Retirement?

I have provided an update on the estimated annual cost to live a comfortable or modest standard of living in retirement for singles and couples....

SMSF Pros and Cons

Self-Managed Superannuation Funds (SMSFs) have been dominating my conversations with clients of late.  I have one and my main motivation in doing so was to...
Scroll to Top