ThreeSixty Research Market Update September 2014

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

Global growth remains resilient in the face of heightened geopolitical tensions in the Ukraine and the Middle East. In the US, an upwards revision in its Q2 GDP has reinforced its continued trend of recovery. The Chinese economy proved somewhat sluggish following a slowdown in manufacturing growth and a weakening property sector.

The Eurozone remains weak, largely impacted by economic sanctions resulting from geopolitical tensions. In particular, weak manufacturing data, falling confidence and low inflation have raised expectations for further stimulus in the region. France however, showed signs of improvement.

In Asia, the Japanese economy emitted mixed signals. It continued its slow move forward but growth data for Q2 showed its biggest slump since the economy was impacted by natural disasters in 2011.

Back home, there has been an improvement in consumer and business confidence. In its September meeting, the RBA has once again left the cash rate unchanged at 2.5%, with interest rates anticipated to remain at this level well into 2015.

Kind Regards

Sharie

ThreeSixty Research Market Update September 2014

Highlights

Heightened geopolitical tensions in Ukraine and the Middle East continue to dominate global equit markets.
Economic growth in the US remains string, with Q2 GDP revised upwards from 4.0% to 4.2%.
European data remains weak, particularly impacted by the Ukraine crisis.
A slowdown in Chinese economic growth in Q2 as a result of a weaker performing property sector.
Modest improvement in Australia consumer and business confidence and credit growth.


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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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