After a strong finish to the 2016 calendar year, investment markets took stock in January. The All Ordinaries index closed the month down 0.8% at 5,675 points. The Australian Dollar increased 5.3% in the month, with 1 Australian Dollar currently buying 75.85 US cents.
Global markets were also generally flat in January. The United States Dow Jones index gained 0.5%, the London FTSE fell 0.6% and the Japan Nikkei 225 fell 0.4% for the month. Once again bucking the trend was the Hong Kong Hang Seng Index, gaining 6.2% for the month (after falling in December).