DelphiNews September 2015

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

Market Update

Global equity markets declined significantly in August amid concerns over the strength of the China economy.

The US market is gaining traction with improvement in manufacturing, employment, consumer confidence and housing providing a solid platform.

The European economic recovery continues with quantitative easing having a positive effect.

In China, the official PMI, slipped to 49.7 in August - the weakest level since August 2012, whilst Japan’s manufacturing PMI increased to 51.7 in August, up from 51.2 in July.

At home, once again the cash rate remained on hold at 2% at the Reserve Bank of Australia’s early September meeting – whilst the growth of housing prices remained steady in August.

Economic Update

In the latest Economic Update, John Owen Portfolio Specialist at MLC, reviews events in Australian and Overseas markets during June. John notes that August was another challenging month for investors as share markets around the globe lost ground and displayed considerable day to day volatility. The falls were widespread and in some cases were substantial in magnitude.

Five things you should know about leaving an inheritance

In the article below are some facts everyone should know about leaving something behind for their loved ones.

Please contact us if you have any questions regarding your financial requirements or this month's articles.

Regards

Vince Dore CFP
Director