Share

DelphiNews July 2016

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

Market Update

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 showed further softness in the manufacturing side of the economy, but other areas such as the housing and services industries were stronger in June.

US and European economic data was fairly good.

Australia’s economy is in respectable shape with consumers and businesses finding conditions reasonably good. Property prices have been rising strongly, helped by the RBA’s rate cut in May.

Economic Update

In this update, Bob Cunneen, Senior Economist and Porfolio Specialist, reviews events in markets during June.

He discusses:

how Britain’s decision to leave the European Union generated considerable turbulence in markets as well as European politics
some share markets recovering their balance in the final week of June following soothing comments from Britain’s central bank and the recognition that UK’s exit may take some time, and
how Australia’s strong growth in consumer spending, housing construction and exports managed to offset the downturn in mining investment.

Watch out for Scams!

You've received an 'exclusive' invitation to attend a 'premier wealth event'. There will be motivational speakers. Their financial secrets have the power to turn you into a millionaire within a few years.

Sounds great but such claims are almost always over-hyped or misleading. The recommended investments can be expensive, highly risky and lose you money. Below are some warning signs to help you recognise dodgy investment seminars and avoid being ripped off.

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

Regards

Vince Dore CFP
Director

ThreeSixty Research Market Update - July 2016

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 showed further softness in the manufacturing side of the economy, but other areas such as the housing and services industries were stronger in June.
US economic data was fairly good, apart from the non-farm payrolls figures, which were the weakest since 2011.
Economic data in Europe was fairly good – particularly in the UK, Germany and France. Eurozone inflation continues to tick up and unemployment is gradually heading lower.
Australia’s economy is in reasonably good shape with consumers and businesses finding conditions reasonably good. Property prices have been rising strongly, helped by the RBA’s rate cut in May.

If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly.

Read full report >>

July Economic Update with Bob Cunneen

In this update, Bob Cunneen, Senior Economist and Porfolio Specialist, reviews events in markets during June.

He discusses:

how Britain’s decision to leave the European Union generated considerable turbulence in markets as well as European politics
some share markets recovering their balance in the final week of June following soothing comments from Britain’s central bank and the recognition that UK’s exit may take some time, and
how Australia’s strong growth in consumer spending, housing construction and exports managed to offset the downturn in mining investment.

Find out more:

	Download the 2 page - July economic update.
	July economic update - Watch the video

Psst! Want to be a millionaire? Watch out for scams

You've received an 'exclusive' invitation to attend a 'premier wealth event'. There will be motivational speakers. Their financial secrets have the power to turn you into a millionaire within a few years. But is it too good to be true?

Read full article >>

Contact

About us

Google+

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.

Level 7, 60 Carrington Street, Sydney, NSW 2000
1300 167 826