We are delighted to welcome you to Hudson’s new home! Explore our services, our journey as one of Brisbane’s top financial planning companies, our property listings, news and articles, and more.
Market Update September 2017
5 September 2017
- Domestic share market has fallen around 50 points or just under 1%.
- The US share market however continues to climb and has risen around 50 points (around 2%).
- Australian GDP forecasts for 2017 were revised down to 2% – 3%, from 2.5% – 3.5%. Inflation was revised up to 1.75% – 2.75% from 1.5% – 2.5%. These were driven by poor GDP results in Q1, combined with a stronger Australian $.
- Business confidence has risen, where consumer confidence fell over 1%.
- Unemployment remained steady at 5.6%.
- US GDP rose in Q2 taking the annual adjusted figure to 3%, however Hurricane Harvey in Texas will have a $120 billion price tag for the recovery effort.
Facebook Comments
