I’m pleased to enclose the October 2014 edition of Market Update. Click here for the full report.
Global economic growth continues at a moderate pace despite continuing geopolitical tensions in the Ukraine and the Middle East and weak European data.
It has been a volatile month for global equity markets – impacted by the ongoing geopolitical tensions, the political protests in Hong Kong and growing concerns over the spread of the Ebola virus.
The US economy continues its upward trend while Chinese growth remains sluggish. Eurozone manufacturing data remains weak, with further stimulus measures from the European Central Bank expected.
Back home, there has been continued improvement in business and consumer confidence. In its October meeting, the RBA once again left the cash rate unchanged at 2.5%, with interest rates anticipated to remain at this level well into 2015.
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