I’m pleased to enclose the October edition of DelphiNews.
Market Update
The US economy is set to repeat the robust GDP growth achieved in the June quarter, although the figures may be boosted by short-term effects.
The signing of a trade deal between the US, Mexico and Canada has managed to settle some nerves, but trade remains a key issue for investors.
For the first half of 2018, Australia’s GDP expanded at an annualised pace of 4.0%, challenging the US economy for the strongest rate of growth in the developed world.
Australia’s labour market added 44,000 jobs in August, allaying fears of a slowdown in employment growth.
China is combatting lower growth with fiscal and monetary stimulus, but easing has contributed to lower market interest rates and a falling yuan.
Economic Update
Watch this video of Senior Economist Bob Cunneen with Portfolio Specialist, Sinead Rafferty as they discuss which key events have been driving markets.
China turns on the money tap again
Senior Economist Bob Cunneen discusses China’s bold stimulus measures given the challenges of the current trade war and China’s high debt burdens.
Dealing with the 'housing wealth effect' - to your advantage
Are you feeling wealthier, less wealthy or somewhere in between? Robin Bowerman, Head of Corporate Affairs at Vanguard explains that you may be experiencing what is sometimes called "the housing wealth effect".
Spending Money for Good
With thousands of charities competing for your donation, it's important to do some research to make sure your money is being used for the cause you want to support. Take a look at the article below for more information.
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Regards
Vince Dore CFP
Director
