You’re not imagining it. The markets are having a rough time, and if your Raiz balance has dipped recently, you’re not alone. But while it’s easy to feel like something has gone wrong with your portfolio, this is part of a much bigger picture. What we’re seeing now is a broad downturn across both local and global markets, not just a Raiz-specific issue.
Let’s unpack what’s been happening and what it means for you as an investor.
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The Australian share market fell 1.5% this week, posting its third straight weekly loss. The drop was driven by stronger-than-expected jobs data, which reduced the likelihood of interest rate cuts in the near term. Investors had been hoping for some policy relief, but the data reinforced the Reserve Bank’s more hawkish tone, suggesting rates may stay higher for longer. This shift in expectations weighed on sentiment across most sectors, with Technology leading the declines after a weak performance from US tech stocks.
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The Australian share market fell this week, with the ASX 200 down 1.3%. The RBA held interest rates steady at 3.6% in its Melbourne Cup Day meeting, but Governor Michele Bullock reiterated that near-term inflation risks remain, tempering expectations for future rate cuts. While the decision was expected, the cautious tone from the RBA board contributed to a softer mood across local equities.
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The Australian share market pulled back this week, with the ASX 200 falling 1.5%. A higher-than-expected inflation reading for the September quarter raised doubts about any near-term rate cuts from the RBA, sending shares lower across most sectors. Healthcare led the declines, dragged down by CSL after the company downgraded its guidance and postponed the planned Seqirus demerger at its AGM. In total, eight of the eleven major sectors closed in the red.
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The Australian share market continued its upward momentum this week, with the ASX 200 closing 0.3% higher. Energy stocks were the standout performers, thanks to a jump in oil prices after the US announced new sanctions on Russia’s two biggest oil companies. Locally listed names like Beach, Karoon and Woodside all posted double-digit gains. Also supporting sentiment was a new minerals agreement between Australia and the US, aimed at reducing reliance on China for critical rare earths. Eight of the eleven major sectors ended in the green.
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You’ve found someone you love, and they replace the toilet paper roll without being asked. Congratulations, you’re moving in together.
It’s an exciting step, and it’s also one of the biggest financial changes you’ll make as a couple. While splitting the rent may feel straightforward, everything else (from joint bills to future goals) can quickly get messy if you’re not on the same page. One person’s idea of “treating themselves” might be another’s regular Tuesday spending.
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The Australian share market notched another record high this week, with the ASX 200 rising 0.4%. Materials stocks led the gains, buoyed by a strong rally in gold prices which pushed past US$4,200 an ounce. Local investors were also eyeing potential interest rate cuts from the RBA, as renewed concerns over global trade tensions and US credit market health stoked uncertainty. Five of the eleven major sectors finished in positive territory, showing resilience despite a mixed global backdrop.
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It was a relatively subdued week for the Australian share market, with the ASX 200 slipping 0.3%. Seven of the eleven major sectors finished lower, led by Technology and Consumer Discretionary stocks. Investors continued to weigh the Reserve Bank’s cautious stance after Governor Bullock reiterated that the board remains patient on future rate cuts. Markets are currently pricing in about a 43% chance of a rate reduction at the November meeting, suggesting that traders still expect some support ahead, but not immediately.
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With the 2024/25 financial year now wrapped, it’s time to reflect on how Raiz portfolios have performed over the past 12 months. Whether you’re new to investing or have been steadily building your knowledge and experience, understanding performance can provide valuable insights to help guide your long-term investment strategy.
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We accept wrinkles and aging as a part of life. So we cleanse, exfoliate and SPF our way through our 20s and 30s, not because we expect overnight results, but because we know good skin in your 40s, 50s and beyond starts way earlier.
So why don’t we treat our financial future the same way?
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