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
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