Market Update February 2015

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

With the exception of the US, global equity markets continued to gain traction throughout January. This is due to lower oil prices, lower interest rates and improved consumer confidence.

The USD continues to gain ground against most currencies which reinforces the strength of the US economy. The Eurozone economy remains weak which has resulted in the ECB announcing a €60b per month quantitative easing program.

Oil prices continued to decline throughout January – down by 9.4%, representing a decline of 47% over the past 4 months.

China reported a GDP growth of 7.4% which did not meet the Government’s forecast rate for 2014 whilst Japanese manufacturing activity showed growth again in January.

Domestically, the AUD continues to decline against the major currencies and the RBA cut the cash rate by 25bps to 2.25% at its recent meeting in February.

Kind regards,
Sharie

ThreeSixty Research Market Update February

Highlights:

Global Central Banks continue to lower interest rates
The RBA cuts the cash rate by 25bp to 2.25% (February 2015)
The ECB finally announces Quantitative Easing – €60b per month
Oil prices declined again in January – represents a 47% decline in 4 months
Global bond yields trend lower
US economic data continues to improve


	Contact us
	Phone 02 8920 2901 Email Email Us

Share this article
Feedback

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.