Market Update

August 2015

This month’s Market Watch key points include:

  • The Australian equity market had its most volatile month for nearly four years in August. The S&P/ASX 200 Index closed the month 7.8% lower after trading in a wide range.
  • Australian Q2 2015 GDP data was received in early September with soft growth of just 0.2% per quarter recorded. This took annual growth down to just 2%, the lowest level since Q3 2013.
  • Australian house prices rose 0.3% in August, following a 2.8% rise in July. This took annual house price growth to 10.2%per year, down from, 11.1%per year in July.
  • Overseas, EU Finance Ministers agreed to a €86bn third bail-out package for Greece.