DelphiNews October 2014

I’m pleased to enclose the latest edition of DelphiNews.

Market Update

The September Market Update notes that 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.

Economic Update

In the latest Update, Brian Parker, Head of Portfolio Specialists Group at MLC, reviews events in Australian and Overseas markets during September. Brian notes that it was a disappointing month for investors with a long list of geopolitical concerns. US economic data continued to be quite strong, but elsewhere the news was generally disappointing.

Planning

Retirement for some may still be years off — but that’s why you need to make the most of your savings while you’re still working. The attached article provides some suggestions to enable you to plan for your retirement years.

Volatility in markets often makes people rethink their retirement plans and investment arrangements. If you or a family member would like discuss any of the issues raised above or if you wish to review your current investment strategy please contact us.

Regards

Vince Dore CFP
Director