ThreeSixty Research Market Update July 2014

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

As we reach the middle of 2014, there are further signs that global economic growth is synchronising. The US continues to show signs of recovery after a weak start to the year in Q1, and China continues to stabilise.

While June returned a weaker than expected manufacturing result for the Eurozone, Germany continued to rise marginally. And across the channel, the UK experienced their best quarterly manufacturing performance in many years, with all key components showing improvement.

Manufacturing in China was also a standout performer in June, hitting a six-month high as a result of improved domestic and foreign demand. Retail sales also recorded its best gains in five months.

Close by, Japanese manufacturing also expanded in June.

Back at home, economic growth remains below trend. The RBA has left the cash rate unchanged at 2.50% in July, and it’s anticipated that interest rates will remain at this level well into 2015.

Kind regards,

Sharie

ThreeSixty Research Market Update July 2014

Highlight:

Continued improvement in US economic growth following a revised down Q1 GDP of -2.9%.
European economic data impacted by the Iraq civil war crisis.
Chinese economy stabilising, with manufacturing data at a six month high.
Australian economic data suggests interest rates will be on hold well into 2015.


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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.

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