DelphiNews October 2015

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

Market Update

Global equity markets have continued their sharp correction whilst China’s economic data stabilised in September.

In the United States economic data remained positive despite the strength of the dollar, whilst in Europe data continued to improve – but at a slightly slower pace in September.

At home, once again the cash rate remained on hold at 2% at the Reserve Bank of Australia’s early October meeting – whilst housing price growth was 0.6% in September.

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 share market returns moved into negative territory for the second consecutive month. While they were not as severe as those that we saw in August, it was nonetheless another challenging month for investors.

John explains that markets have been uncertain about the outlook for global growth and that perceptions have been changing on almost a daily basis. He states that there are a number of reasons to be cautious about the outlook and return potential.

Escape the Rate Race

Dreaming of waking up to a chorus of birds instead of the roar of traffic? You don’t have to do the full tree or sea change to escape the rat race. Read some interesting options in the article below.

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

Regards

Vince Dore CFP
Director