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As we navigate the financial landscape, staying informed about the performance of investment markets is essential for sound decision-making. The first quarter of 2024 (1 January to 31 March) brought both challenges and opportunities to investors in Australia and New Zealand. In this article, we delve into the quarterly performance of investment markets in these regions, shedding light on key trends and factors that shaped the outcomes.
During the first quarter of 2024, the Australian investment landscape exhibited a positive picture, influenced by a combination of global and domestic factors:
The investment market and economy in New Zealand faced a similar backdrop to the Australian market during the first quarter of 2024:
Both the Australian and New Zealand investment markets were also influenced by global developments during the first quarter:
Although interest rates remain high across the world to contain inflation, economic growth for most major markets continues to remain resilient. While inflation has eased, central banks remain wary of cutting interest rates too early, until they are confident that inflation will not only reach their targets but remain at those levels. Investment markets are forward looking, and investors will assess the outlook for economic growth and inflation. For Australian and New Zealand based investments, the local landscape coupled with how the Chinese economy goes will be important factors that impact those returns going forward.
Staying updated on market trends, understanding the drivers of performance and aligning investment strategies with individual goals and risk tolerance are key steps in achieving financial objectives.
It’s important to note that the information provided in this article is for general information purposes only and should not be considered as financial advice. Each individual's financial circumstances are unique, and it is recommended to consult with qualified professionals before making any investment decisions.
Remember, the investment landscape is subject to change and it's essential to consider the most recent and relevant information when making financial decisions.
Sources:
1. S&P/ASX 200 Index Performance - ASX
2. NZX 50 Index Performance – NZX
3. S&P500 Index Performance - US
4. Reserve Bank of Australia Monetary Policy - RBA
5. Reserve Bank of New Zealand Official Cash Rate - RBNZ
6. Australian House Prices – CoreLogic
7. NZ house Prices – QV House Price Index
Any advice and information on this website is general in nature and is provided by Resolution Life Australasia Limited ABN 84 079 300 379, AFSL No. 233671 (Resolution Life), which is part of the Resolution Life Group. Resolution Life can be contacted via the Contact us page. The advice does not take into account your personal objectives, financial situation or needs. Therefore, before acting on the advice, you should consider the appropriateness of the advice, having regard to those matters as well as the relevant Product Disclosure Statement (PDS) or Policy Document, available here or via the Contact us page. Before making a decision about the product, consider speaking to a financial adviser if you have any concerns.
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