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DelphiNews April 2017

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

Market Update

Welcome to the April edition of the Market Update.

In March, global equity markets were quite mixed. US shares and bonds traded sideways as Donald Trump’s promise to repeal of the Affordable Care Act failed to gain congressional support, which has called into question whether his other policies, such as tax reform, can also be approved.

On equity markets the Dow Jones Industrial Average equity index fell 0.6% in the US over the month while shares in Europe rose 3.5% and Australian shares returned 3.3%.

US consumer sentiment indicators rose to their highest levels in 16 years and business surveys have also remained at high levels reflecting optimism about future growth.

Chinese activity indicators suggest that economic conditions continue to improve and the economy is being supported by robust global demand.

Australian economic data softened a little in the past month with a fall in retail sales and a rise in unemployment as well as softer business conditions. However, the economy continues to perform relatively well, supported by higher commodity prices and strong housing construction activity.

Economic Update

In this update, Bob Cunneen, Senior Economist talks to Jason Hazell, Head of Investment Communications, about key events driving markets during March.

They discuss:

the US Federal Reserve raising interest rates in March
how financial markets are keenly awaiting the specific detail of President Trump's policy agenda
the key political risk factors to watch in Europe, and
Australian shares delivering a strong monthly performance.

The Housing Affordability Debate

When it comes to the basics of life the issue of finding shelter - putting a roof over one's head – ranks high on most people's list. So as the dream of home ownership continues to recede further into the financial distance for younger Australians in our major cities it is not surprising that the public debate about levels of housing affordability is increasing in volume.

Robin Bowerman, Head of Market Strategy and Communications at Vanguard, provides his thoughts on this issue in the final article of this newsletter.

Please contact us if you have any questions regarding these articles or to discuss your financial requirements.

Regards

Vince Dore CFP
Director

ThreeSixty Research Market Update - April 2017

Highlights:

In March, global equity markets were quite mixed. US shares and bonds traded sideways as Donald Trump’s promise to repeal of the Affordable Care Act failed to gain congressional support, which has called into question whether his other policies, such as tax reform, can also be approved.
On equity markets the Dow Jones Industrial Average equity index fell 0.6% in the US over the month while shares in Europe rose 3.5% and Australian shares returned 3.3%.
US consumer sentiment indicators rose to their highest levels in 16 years and business surveys have also remained at high levels reflecting optimism about future growth.
Chinese activity indicators suggest that economic conditions continue to improve and the economy is being supported by robust global demand.
Australian economic data softened a little in the past month with a fall in retail sales and a rise in unemployment as well as softer business conditions. However, the economy continues to perform relatively well, supported by higher commodity prices and strong housing construction activity.

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

Read full April market update report >>

April Economic Update with Bob Cunneen

In this update, Bob Cunneen, Senior Economist talks to Jason Hazell, Head of Investment Communications, about key events driving markets during March.

They discuss:

the US Federal Reserve raising interest rates in March
how financial markets are keenly awaiting the specific detail of President Trump's policy agenda
the key political risk factors to watch in Europe, and
Australian shares delivering a strong monthly performance.

Find out more:

	Download the 2 page - April economic & market update
	April economic update - Watch the video

A realty check for accessing super early

It is not surprising that when housing affordability is being discussed alternative funding solutions are often raised. Recently the idea of allowing access to superannuation accounts to help finance house purchases has again surfaced.

Read full article >>

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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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