October News

October News

It’s October, a turning point in the year when the days begin to get longer and many states switch to daylight saving. Time to spring clean your home, your finances or your business ahead of the summer rush.

September was a month of continuing uncertainty on the global stage. The ongoing US-China trade dispute, political turmoil in the UK as the Brexit deadline looms and a drone strike on a Saudi Arabian oil processing plant all weighed on financial markets. Oil prices initially spiked then eased to finish the month up almost 5 per cent. As a result, Australians are paying more for fuel, with the average price of unleaded petrol rising to 149.7c a litre by the end of September, 8c above the 12-month average.

On a positive note, Australia’s budget deficit shrank to $148 million in the year to May, effectively balanced and below estimates at the time of the April Budget. Our trade surplus hit a record $52.3 billion in the year to July, underpinned by another record surplus with China.

Nevertheless, business and consumers remain subdued. The Westpac-Melbourne Institute survey of consumer sentiment fell 1.7 per cent in September. With interest rates at historic lows and set to fall further, the proportion of people saying they didn’t know where to put savings was a record high of 8.7 per cent. The NAB business conditions index also fell to near 5-year lows. Unemployment edged up to 5.3 per cent in August, the highest level in 12 months, while job vacancies fell 1.9 per cent in the year to August, the biggest decline in over 5 years. The Australian dollar rose slightly to US67.5c on US dollar weakness.

You can click on the articles below or download the entire newsletter: October 2019 Newsletter.

Negotiation is a fact of life. We do it with our friends and families all the time – ‘I’ll pick up the kids, can you do dinner?’ – deals like this are so easy, so normal that we...

Read More

Few of us like to think about death, let alone plan for it. But far from being morbid, getting your affairs in order and drawing up a Will is one of the kindest and most caring things you...

Read More

What a difference a year makes. In recent months, Australian shares hit a record high, the Aussie dollar dipped to levels not seen since the GFC and interest rates were cut to historic...

Read More

Centaur Financial Services

Centaur Financial Services work as your partner, helping you navigate through the financial ups and downs life throws at you. First, it starts with your goals. Then it’s a lifelong commitment to achieving short, medium and long term objectives through a range of financial strategies and structures.

View All Services

The information provided on and made available through this website does not constitute financial product advice. The information is of a general nature only and does not take into account your individual objectives, financial situation or needs. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you obtain your own independent professional advice before making any decision in relation to your particular requirements or circumstances. Centaur Financial Services do not warrant the accuracy, completeness or currency of the information provided on and made available through this website. Past performance of any product discussed on this website is not indicative of future performance.

Book Contact

Contact Us To Schedule A Complimentary Meeting

Complete the following form and we will be in touch to arrange a Complimentary appointment.