Market Update April 2015

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

Global equity market volatility continues to increase and is impacted by uncertainties around oil and commodity prices as well as the timing of the anticipated rise in interest rates. It’s predicted that global equity markets will continue to trend higher throughout 2015 but with increased volatility.

The USD continued to appreciate against the majors in Q1 but particularly against the EUR and the GBP in March. Interest rates are expected to rise, however, will remain data dependent and will be gradual.

The Eurozone is showing signs of a positive recovery and should continue. The weak EUR is also having a positive impact on the Eurozone economy, making exports relatively cheaper.

China continues to adopt monetary easing strategies to stimulate the economy. China’s inflation remains well below target, with a 1.4% rise in February following the 0.8% in January.

Domestically, the RBA maintained the cash rate at 2.25% and further cuts may be deemed necessary. House prices continue to rise in the major capital cities, but Sydney accounted for the majority of this increase whilst the other cities had virtually no increase. The unemployment rate eased from its 12 year high to 6.3%.

Kind regards,

Sharie

ThreeSixty Research Market Update April

Highlights:

US Federal Reserve reinforces a cautious approach to raising interest rates – entirely data dependent
Eurozone growth showing some early positive signs of impact from ECB QE implementation
Impact from lower oil prices yet to positively impact the global economy
US corporate earnings being impacted by stronger USD
China - PBoC reinforces its monetary easing bias
RBA keeps the cash rate at 2.25% at its April meeting and remains on an easing bias


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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.