ThreeSixty Research Market Update June

I am pleased to enclose the June edition of the monthly Market Update. see article below for full report.

The May Purchasing Managers’ Index (PMI) survey data continues to show gradual improvement in the growth rate of global manufacturing.

The US Federal Reserve remains data dependant on the road to interest rate normalisation, whilst in the Eurozone economic recovery continues on the back of the European Central Bank’s quantitative easing.

China’s central bank continues to provide stimulus to the slowing economy – cutting interest rates for the third time in 6 months.

At home, the RBA keeps interest rates on hold at 2% at the June meeting, whilst the Federal Budget forecasts deficits until 2020.

Regards

Sharie

Highlights :

Global growth continues a slow recovery
US Federal Reserve remains data dependent on the road to interest rate normalisation
Eurozone economic recovery continues on the back of the ECB’s quantitative easing
China PBoC maintains a stimulus program to stabilise growth
Australian Federal Budget forecasts budget deficits until 2020
RBA maintains the cash rate at 2.0% at its June 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.