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Market Update August 2015
I am pleased to enclose the August edition of the monthly Market Update.
This month the Greece debt continues to be a focus for investors however it is beginning to diminish as a concern. Meanwhile, China’s Shanghai Composition Index remains volatile but its Q2 GDP of 7% met the country’s 2015 growth target.
In the United States the economic recovery continued on a positive trend, with manufacturing data slightly declining in July. Importantly, the production index was up 2%.
Over in Europe, retail sales were up sharply, with Germany being a particular stand-out.
At home, the cash rate remained on hold at 2% at the Reserve Bank of Australia’s early August meeting.
Kind Regards
Sharie
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Highlights;
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The Greece debt crisis has diminished as a concern for investors
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China’s Shanghai Composite Index remains volatile
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US economic data continues a positive trend
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Further positive growth signs in the Eurozone
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China’s PBoC remains on a continued stimulus strategy in order to meet growth targets
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RBA maintains the cash rate at 2.0% at its August meeting and remains on an accommodative policy
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