Market Update March 2015

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

Global equity market valuations have continued to appreciate in February and it is anticipated that they will continue to trend higher throughout 2015.

The USD remained steady against the EUR and AUD in February and the US economy grew at 2.2% in Q4, 2014.

Oil prices have shown signs of stability in February as the US has been rapidly reducing the number of oil rigs, particularly non-conventional drilling operations.

The Eurozone quantitative easing program begins in March and the Eurozone unemployment rate fell to 11.2% in January.

China provided further monetary stimulus with a 25bp cut to the lending rate and deposit rate. The IMF expects China’s GDP to slow in both 2015 and 2016 whilst Japan’s GDP increased in Q4, 2014 to 2.2%.

At home, the RBA held the cash rate at 2.25%. Unemployment is expected to rise further while the mining sector continues to weaken. House prices and auction clearance rates in Sydney remain buoyant however other major cities are more subdued.

Kind regards,
Sharie

ThreeSixty Research Market Update March

Highlights:

Global growth has improved following Central Bank monetary stimulus
Oil prices remain volatile, the price range has stabilised, and will provide stimulus to global growth
US economic data remains in recovery mode with improving consumer sentiment
US bond yields rally following continued improvement in the labour market
China continues monetary easing
RBA keeps rates on hold (in March) but remain on a monetary easing strategy


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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.