Global Market Review: October 2014

BY David Bassanese | 6 November 2014

The major development over the past month was the stunning rebound in the Australian equity market, after the previous month’s slump – especially by high yielding sectors which were helped by reduced fears of an earlier than expected lift in US official interest rates. Dragged down by Europe, global equities underperformed in both hedged and unhedged terms. The $A regained a little of its earlier declines against the US dollar, despite further significant weakness in commodity prices