It’s the start of a new month, so we’ve decided to take a quick look at how Australia’s ASX 200 index has historically performed in June.
Since the index began in April 2000 it has risen eight times and fallen seven. The average monthly gain is a paltry 0.05%.
However, in recent times, the index has a poor track record in June.
Since June 2007 it has fallen in six of eight occasions with the average monthly percentage return -1.7%.
When it has fallen during this period, the average decline has been 2.95%.
This morning the index is expected to begin the month modestly in the red with SPI futures pointing to a fall of 17 points on the open.