DelphiNews July 2018
I’m pleased to enclose the July edition of DelphiNews.
Market Update
US core consumer prices lifted in line with the Fed’s 2% inflation target, vindicating June’s rate hike.
Slowing credit growth and infrastructure spending is pointing to softer Chinese growth for the June quarter.
Australia’s labour market continues to tighten, but employment growth and hours worked have lost momentum and wage growth is subdued.
US tariffs on US$34 billion worth of Chinese goods came into effect in early July, with China responding in kind with tariffs on key American exports.
European political tensions are on the rise, with the UK’s Brexit plan resulting in ministerial resignations and Italy’s budget likely to delay deficit reduction.
Economic Update
Which key events have been driving markets? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty.
They discuss:
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latest market movements across the world, and
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concerns over the trade wars between the US and China, and the impact that the current process of escalation and retaliation will have on the global economy
2017-18 Financial Year in Review
With the close of the financial year, it’s time to review what’s happened in investment markets. MLC’s portfolio specialist John Owen provided comprehensive review below.
Chart of the Week: Is the US labour market running on emply?
Senior Economist Bob Cunneen discusses the statistics which suggest that the US labour market has run out of available workers to fill job vacancies.
Boost your Super when selling the family home
The new downsizer super contribution option could help turn your family home into a more comfortable retirement.
As you get older there are all kinds of reasons for deciding to sell your family home. You might have more space than you need, you might want a sea or tree change, or to move closer to your grandchildren. You might want the freedom to travel, or simply no longer need a home of your own.
Now, if you’re eligible, you could use some of the proceeds of the sale to boost your retirement savings more tax-effectively.
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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