DelphiNews November 2015

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

Market Update

At home, the Reserve Bank of Australia has maintained the cash rate at 2.0% at its November meeting and remains on an accommodative policy, whilst Australian business credit growth shows positive recovery.

Meanwhile the European Central Bank is considering further quantitative easing whilst China has cut interest rates for the sixth time in 12 months.

In the United States economic data remains positive with the US Federal Reserve providing clarity on interest rate increases.

Global equity markets have experienced a sharp recovery in October following the August and September market correction.

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 markets performed strongly in October, going some way to recovering the losses of the previous two months. All of the world’s major share markets recorded positive returns in local currency terms.

How RBA rate changes affect your interest rate

With the RBA setting the official cash rate at all-time lows, it’s a good time to work out how this impacts the interest rate on home loans and the article below provides an insight into whether you are getting a good deal or not.

Are we headed for a Global recession?

Michael Collins, Investment Commentator at Fidelity asks whether we remember the hype about the “super cycle” that justified record commodity prices? The term to describe “higher-for-longer” commodity prices was based largely on ever-climbing demand from the Chinese.

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

Regards

Vince Dore CFP
Director

Vince Dore and Delphi Financial Management Pty. Ltd are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning/MLC Financial Planning an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

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