Monthly Market Update - October 2024

 

Please click on the link below to view our research department's monthly market update for October.

Key points raised are :

  • Global share markets rallied in September on the back of a new rate cutting cycle in the US and step up in China stimulus
  • The US Federal Reserve cut rates by 0.5% and signaled more to come.  In Australia the RBA remained on hold
  • The Australian dollar rallied 2.2% against the US dollar, helped by relatively higher interest rate expectations in Australia coupled with some positive sentiment towards China.
  • Gold continued its strong run in 2024, rising 5.2% as tensions in the Middle East escalated