ThreeSixty Research Market Update October 2014

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

Global economic growth continues at a moderate pace despite continuing geopolitical tensions in the Ukraine and the Middle East and weak European data.

It has been a volatile month for global equity markets – impacted by the ongoing geopolitical tensions, the political protests in Hong Kong and growing concerns over the spread of the Ebola virus.

The US economy continues its upward trend while Chinese growth remains sluggish. Eurozone manufacturing data remains weak, with further stimulus measures from the European Central Bank expected.

Back home, there has been continued improvement in business and consumer confidence. In its October meeting, the RBA 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 October 2014

Highlights:

Continuing geopolitical tensions in Ukraine and the Middle East and concerns over the Ebola virus dominate global events.
Stronger US dollar due to global currency realignments in September.
Further expansion of US economic growth provides a source of stability in 2015.
Eurozone data remains weak, impacted by the ongoing crisis in the Ukraine and the Middle East.
Stabilising Chinese economy, although a weaker property sector.
Australian consumer and business credit growth grinds higher coupled with a slide in the AUD


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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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