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Market Update June 2017
5 June 2017
- The domestic share market remained flat in June, rising under half a %.
- The RBA left the official cash rate on hold at 1.5% in June. There has been no change in the cash rate since August 2016.
- The US Federal Reserve raised interest rates for the second time in 3 months, spurred by steady economic growth and job gains.
- The Australian Federal Government released its 2017/18 Budget. Major policy initiatives include an increased focus on transport infrastructure, funded by higher debt levels. It also includes new revenue initiatives – namely a levy on the five largest banks, an increase in the Medicare levy and a levy on foreign workers to pay for focussed spending initiatives on education, healthcare, small businesses and housing affordability. The Budget deficit for 2017/18 is estimated at $A29.4bn (1.6% of GDP), down from the 2016/17 deficit of $A37.6bn (2.1% of GDP).
- Australian capital city dwelling prices fell by 1.1% in May, with annual growth slowing to 8.3% – down from 11.2% the previous month.
- The Australian dollar was weaker. Falls in bulk commodity prices – particularly iron ore and coal, led to the falls, in addition to concerns over the pace of growth in Australia. This has led to the market now pricing in the chance of interest rate cuts in Australia.
- Globally, developed equity markets recorded another positive month in May, despite heavy news flow and elevated geopolitical uncertainty. Global shares rose 1.8% in USD terms (+2.8% in AUD terms). On the positive side was the market friendly outcome of Emmanuel Macron winning the French Presidential election, and continued signs of global economic growth. On the negative were acts of terrorism in the UK and some negative political developments in the US, which could further delay Trump’s expansionary policy agenda.
28 April 2022
When it comes to Risk Management and deciding what levels of cover are right for you, one size certainly does not fit all. As such the insurance industry continues to evolve and cater for individual needs and scenarios. In this article I will take a brief look back at how the insurance world has changed and how several new species of “Hybrid Insurances” may be an effective way to reduce your premiums and cater to your particular needs.
Top Ten Things You May Not Know About Superannuation
28 April 2022
Superannuation can be considered a somewhat complex creature, and constantly changing legislation doesn’t help matters. Below I have compiled my top ten facts that I regularly find members are unaware of when it comes to their retirement nest eggs.
28 April 2022
For this month’s Hudson Newsletter, I wanted to expand on the information I presented in my Tuesday Chat this week – the idea of ESG Investing (Ethical, Social and Governance). This investing simply put, is applying non financial criteria as a part of an analysis of whether to invest in a certain company. Or not.