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DelphiNews July 2017
I’m pleased to enclose the latest edition of DelphiNews.
Market Update
Welcome to the July edition of the Market Update. Highlights include:
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In June markets were influenced by political developments in the UK and US and more hawkish commentary from central bankers suggesting that soft inflation is only transitory.
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European equities lost 2.8% in June after two Italian banks were bailed out by the Italian government and ECB President Draghi hinted at tighter monetary policy.
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The UK election resulted in a hung parliament creating additional uncertainty as to how the Brexit negotiations will unfold.
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US technology stocks, which had enjoyed solid price rises, gave back some of their recent gains with the NASDAQ Composite Index down 0.9% in June.
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Chinese activity indicators were a little softer but still remain at strong levels.
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Australian employment data was stronger in the past month and the unemployment rate fell to the lowest rate since February 2013.
Economic Update
In this update, Bob Cunneen, Senior Economist talks to Jason Hazell, Head of Investment Communications, about key events driving markets during June.
They discuss:
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Australian shares posting a mild monthly performance
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European share markets falling sharply in June
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Asian shares proving resilient, and
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the major themes driving markets continuing to be President Trump's bold stimulus promises and signals from the US and European central banks that interest rates are set to rise.
Busting the $1 Million Retirement Myth
It’s often been mentioned that $1 million or more in superannuation savings is needed to live a comfortable retirement. This is a daunting figure for most of us and, unsurprisingly, has many Australians concerned about the kind of retirement lifestyle they have to look forward to. The article below notes that in reality, most Australian workers have nothing like this in super, and yet pleasingly, still report being satisfied and fulfilled in retirement.
Please contact us if you have any questions regarding these articles or to discuss your financial requirements.
Regards
Vince Dore CFP
Director
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Highlights:
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In June markets were influenced by political developments in the UK and US and more hawkish commentary from central bankers suggesting that soft inflation is only transitory.
-
European equities lost 2.8% in June after two Italian banks were bailed out by the Italian government and ECB President Draghi hinted at tighter monetary policy.
-
The UK election resulted in a hung parliament creating additional uncertainty as to how the Brexit negotiations will unfold.
-
US technology stocks, which had enjoyed solid price rises, gave back some of their recent gains with the NASDAQ Composite Index down 0.9% in June.
-
Chinese activity indicators were a little softer but still remain at strong levels.
-
Australian employment data was stronger in the past month and the unemployment rate fell to the lowest rate since February 2013.
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly.
Read full July market update report >>
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In this update, Bob Cunneen, Senior Economist talks to Jason Hazell, Head of Investment Communications, about key events driving markets during June.
They discuss:
-
Australian shares posting a mild monthly performance
-
European share markets falling sharply in June
-
Asian shares proving resilient, and
-
the major themes driving markets continuing to be President Trump's bold stimulus promises and signals from the US and European central banks that interest rates are set to rise.
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It’s often been mentioned that $1 million or more in superannuation savings is needed to live a comfortable retirement. This is a daunting figure for most of us and, unsurprisingly, has many Australians concerned about the kind of retirement lifestyle they have to look forward to.
Read full article >>
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