Search
Close this search box.
hudson-financial-planning-logo

Market Update October 2017

  • The share markets continue to rise!, with the US market up around 2.7% in the last month, and the Australian market up over 3% since the start of the month (at time of writing).
  • As anticipated, the Reserve Bank of Australia left interest rates unchanged at 1.5%. The official rate has now been held steady at this level for more than a year.
  • The economy expanded 0.8% in the June quarter of 2017, taking the annual pace of growth to 1.8%. The expansion was supported by strength in net exports as well as domestic demand.
  •  In spite of more than 54,000 jobs being added in August, official statistics suggested that unemployment remained unchanged at 5.6%. The figure remains close to five-year lows.
  • In September, most commodity prices moved lower. Iron ore, for example, fell almost 20% ahead of China’s National People’s Congress in October and on demand concerns given steel production cuts in China

Book a FREE 15 minute meeting

Plant a tree with us today, to sit in the shade in the future.

More From Hudson Financial

A Superannuation Strategy that Could Save You $$$ Tens of Thousands in Tax Before 30th June 2024

Salary sacrificing into super is a great way to boost your retirement savings by utilising pre-tax dollars and therefore reducing your taxable income....

Federal Budget For Retirees – Receiving Centrelink / DVA Support

You could be forgiven for thinking, there was very little relevant news in the recent Federal Budget in relation to Services Australia or as most...

Is the Economic Clock​ Still Relevant?

In economic theory, it is often said that markets, under certain conditions, tend toward equilibrium over time, meaning supply will adjust to meet demand, and...
Scroll to Top