Canberra02 6295 7716In this update, Bob Cunneen, Senior Economist and Portfolio Specialist, reviews events in markets during September. He discusses: how European shares edged lower due to the concerns over the health of Europe’s banking system the timing for higher US interest rates being a key issue driving global markets the mild gain achieved by Australian shares,…
Statement by Philip Lowe, Governor: Monetary Policy Decision
By upwealth
In
Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Labour market conditions in the advanced economies have improved over the past year, but growth in global industrial production and trade remains subdued. Actions by…
Proposed super reforms at a glance – Infographic
This infographic gives an overview of the proposed government amendments to the superannuation reforms announced in the 2016/17 Federal Budget. Click to enlarge Download Proposed super reforms PDF
Government amends key super reforms
The Government has announced it will amend some of the super reforms proposed in the May 2016 Federal Budget. Summary of amendments: The lifetime limit of $500,000 on non-concessional super contributions won’t proceed. People aged 65 to 74 will still need to meet a ‘work test’ to be able to contribute to super. The opportunity…
ThreeSixty Research Market Update – September 2016
By upwealth
In
Economic Update
Highlights: Equities traded in a relative tight range in August but finished modestly higher. Crude oil prices recovered 7.5% on talks of possible production freezes from OPEC and non-OPEC countries when they meet in late September. China economic data was a little softer with declines in industrial production and retail sales growth. US economic data…
September Economic Update with Bob Cunneen
By upwealth
In
Economic Update
In this update, Bob Cunneen, Senior Economist and Porfolio Specialist, reviews events in markets during August. He discusses: August featuring only mild gains for global shares how positive and improved US economic activity has “strengthened” the case for increasing US interest rates China’s economic activity showing signs of stabilising, and Australian shares slipping by 1.6%…
Statement by Glenn Stevens, Governor: Monetary Policy Decision – September 2016
By upwealth
In
Economic Update
At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. The global economy is continuing to grow, at a lower than average pace. Several advanced economies have recorded improved conditions over the past year, but conditions have become more difficult for a number of emerging market economies. Actions…
ThreeSixty Research Market Update – August 2016
By upwealth
In
Economic Update
Highlights; Following the sell-off in equities after the UK’s Brexit decision, equities staged a strong recovery in July, helped by expectations of more central bank stimulus measures in the major economies. Crude oil prices fell 14% on renewed concerns about oversupply. China economic data continued to show that the government stimulus measures are supporting the…
August Economic Update with Bob Cunneen
By upwealth
In
Economic Update
In this update, Bob Cunneen, Senior Economist and Porfolio Specialist, reviews events in markets during July. He discusses: July’s surprisingly strong global share gains the global share markets being supported by better than expected US corporate profit reports and global economic data how Japan’s share market rebounded in July given hope from both budget and…
ThreeSixty Research Market Update – July 2016
By upwealth
In
Economic Update
Highlights: After strong rises in equity prices off the lows in February, developed market equities were weaker in June, following the decision by voters in the UK to elect to leave the European Union (“Brexit”). Gold prices rose 9% in June and crude oil prices were a little lower during the month. China economic data…