The value of ASX-listed stocks, as measured by the All Ordinaries Index, rose 5.5% in July 2013. This performance was in line with other major markets, including the UK up 6.5%, Hong Kong up 5.2%, the US up 4.9%, Germany up 4.0% and Singapore up 2.3%. Japan was down 0.1%.
Volatility measures for the Australian equity market were in line with long-term averages during July:
- Volatility (as measured by the average daily movement in the All Ordinaries Index) was 0.6% in July, down on the previous month (0.9%).
- Expected future volatility (as measured by the S&P/ASX 200 VIX) fell in July to an average of 16.0 (compared to 18.9 in June).
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