ThreeSixty Research Market Update December 2014

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

Global equity markets continued the October sharp rally through to November.

Oil prices declined by 30% during October and November. OPEC’s decision to maintain current production levels appears to be a long term strategy to undermine the higher cost of oil production.

Over in the US, it is anticipated the USD will maintain strength against major global currencies in 2015. The US economy will continue to improve in Q4 whilst China, Japan and Eurozone Central Banks are cutting interest rates or employing massive QE to maintain economic growth.

Back at home, residential construction continues to improve, while the AUD continues to weaken. The RBA left the cash rate unchanged at 2.5% in December. Q3 GDP data was weak however, there are signs that Q4 data may improve.

Wishing you a Happy Xmas and Prosperous 2015

Sharie

ThreeSixty Research Market Update December 2014

Highlights:

Oil prices decline sharply through November.
Global equity markets continued to rally strongly, although Australia did not participate.
US economic data continues to show a sustainable recovery.
Weak economic data across the Eurozone continues to support further ECB monetary intervention.
China moves from targeted stimulus to a broad cut in interest rates to meet growth targets.
The Australian dollar continues to weaken – down 3.3% against the USD in November.


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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.

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.