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Sharemarket Update January 2019

It has been a Happy New Year thus far, after a harrowing last quarter in 2018. For the three months October to December the Australian sharemarket fell 9.7% to land at 5,709 on 31st December. Since then it has risen 4.6% to 5,972 at the time of writing, with just 6 negative trading days throughout the month.

The US has experienced a very similar story with even more inflated figures, falling 11.8% in the last quarter of 2018 but rising 7.2% for January 2019.

The Aussie $ is currently buying 72.5c (US), and in fact has been between the 71c and 73c range for the better part of 4 months, after having fallen from the 80c mark during the first 9 months of 2018.

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