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DelphiNews February 2018

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

Market Update

Welcome to the Feburary edition of the Market Update. 

The global economy is benefiting from a broad-based, cyclical recovery, supported by higher levels of investment and accommodative monetary policy.

The US economy ended 2017 on a slightly shaky footing, although the overall employment situation continues to improve and the bond market is anticipating further rate hikes.

Growth in Europe continues to surprise on the upside, supported by rises in private consumption and business investment.

The Chinese economy slowed marginally in the December quarter, with GDP growth falling to 6.8% and PMI figures lower than expected.

The Australian economy continues to improve, although weaker than expected inflation all but scuppered the chance of a February rate hike.

Economic Update

Take a visual tour of markets during January. There were strong gains in global shares, China's share market rocketed up, and government bond yields rose sharply in Europe and the US.

A Balancing Act

Fidelity's Investment Director, Tom Stevenson, shares his thoughts below on investing in 2018. Considering the recent market movements this article written beforehand has some interesting observations.

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

 

Regards

Vince Dore CFP
Director