Your financial well-being and plans for the future can be impacted by various economic events, so below is a video to assist you to stay up to date with the latest indicators.
August was a challenging month for investors. Global markets reacted negatively to an escalation in the US-China trade war and the looming no-deal Brexit. In the US shares were down around 2 per cent for the month while Australian shares shed 3 per cent.
The RBA held the cash rate at the current a record low on 1.0%, while acknowledging that Australia can expect an extended period of low interest rates, with the possibility of further cuts.
We also look at the other economic indicators that paint a picture of the health of the economy, including consumer sentiment, movements in the Australian dollar, unemployment and wages as well as the state of the property market across all of the capital cities.
If you have any questions or want to have chat about how the latest economic developments are impacting your financial situation feel free to give us a call.
As always, if you would like to discuss the contents of this newsletter please give us a call 07 5559 5760.