The September quarter delivered mixed performance across markets around the world with the US stock market posting its strongest quarterly performance since 2013 and Japan delivering a stand out market return on the back of a weakening yen.
Led by US and Asian markets, world markets roared into the New Year, although late in the month, caution crept back into markets after one of the best starts to a year in recent history. It was the best start to a year for the broad US benchmark, the S&P 500 index, since 1987.
From its Paris headquarters, the Organisation for Economic Co-operation and Development (OECD), the peak body for Australia’s peer-group of developed nations, recently weighed in on Australian residential property saying the market could be headed for a significant collapse in house prices that could lead to an economic downturn.
Both the global economy and financial markets are tracking towards their best year since the initial rebound from the 2008–09 global crisis. All this has been despite a more fractious, and unsettled political backdrop.