ThreeSixty Research Market Update June 2014

I’m pleased to enclose the June 2014 edition of Market Update, see article below for full report.

We’ve continued to see a stabilisation in growth across the US and China, while the Asian region’s Q1 GDP results were mixed.

The recent deceleration in US growth is not a surprise, after the harsh winter. On a positive note, the US saw the labour market continue to improve, with April reporting a large fall in the unemployment rate as well as improvements with other labour market indicators.

In Europe, the Purchasing Managers’ Index data shows the Eurozone is continuing to grow in 2014, after Q4 2013 GDP increased 0.3% from 0.1% in Q3 2013.

Over in China, production levels have risen slightly above the recent lows in February. However, output remains comparatively soft. NAB forecasts for Chinese economic growth are unchanged at 7.3% in 2014.

Back at home, consumer sentiment has plummeted in response to the Federal Government 13 May Budget, and there are a number of likely implications for businesses. According to NAB, cutting the company tax rate from 30% to 28.5% will benefit a considerable number of businesses.

Kind regards

Sharie

ThreeSixty Research Market Update June 2014

Highlights:

US GDP growth paused in the March quarter, but indicators point to a strong bounce back in the June quarter.
NAB has changed its interest rate call and now expects that we’re at the bottom of the interest rate cycle.
Partial economic indicators continue to highlight softening trends in China.


	Contact us
	Phone 02 8920 2901 Email Email Us

Share this article
Feedback

Sharie Kennedy-Wren, Holistic Financial Management Pty Ltd are Authorised Representatives of Godfrey Pembroke Limited ABN 23 002 336 254, an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.