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DelphiNews December 2018

I’m pleased to enclose the final edition of DelphiNews for 2018.

Market Update

  • The US economy is likely to face headwinds from the lagged effects of interest rate tightening and fading fiscal stimulus, as well as a stronger US dollar if a tightening Fed policy remains.

  • A trade war détente was reached between China and the US at the recent G20 meeting in Argentina, but trade issues continue to weigh on markets.

  • Eurozone GDP growth is disappointing, rising 0.2% in the September quarter according to November’s estimate and well down on the expected 0.4% growth.

  • Chinese stimulus has been relatively modest, but more could be forthcoming if the trade war continues to escalate.

  • Australian GDP growth slowed significantly in the September quarter, falling to 2.8% year-on-year from 3.4% in the June quarter.

Economic Update

Which key events have been driving markets during the past month? Watch this video of Senior Economist Bob Cunneen in discussion with Portfolio Specialist, Sinead Rafferty to get an overview.

Chart of the week: Will the 'trade truce' work or is it wishful thinking?

Senior Economist Bob Cunneen discusses the recent US - China ‘trade truce’ and the two key leading indicators that investors should watch.

8 Essential Australian experiences you might not know about...

In the words of Captain Obvious, Australia provides some amazing experiences.

What the captain fails to mention, though, is that this wealth of remarkable attractions means some truly incredible experiences are often overlooked. Check them out below.

Ranking of the world's best: Taking it personally

You may have read about the latest ranking of Australia as one of the best countries for retirees in terms of lifestyle and retirement-income systems. And you may have wondered what such rankings personally mean for you – apart from perhaps making you feel fortunate about where you live.

Festive Season

We at Delphi would like to wish you a Merry Christmas, Happy Hanukkah or just all the very best as the year draws to a close.

It has again been an interesting year - especially for those involved in the Financial Services industry!

I am hopeful that after the light that has been shone by the Royal Commission that 2019 is a year of renewal with the simple goal being to work in the best interests of our clients.

Bernadette and I have enjoyed seeing our little family grow with the highlight being the marriage in September of our eldest daughter Nikki to Dean (although the honeymoon looking after young Zachary was pretty good as well!)

Thank you for your continued support and feedback. Please note that whilst the Delphi office will be closed from 24 December 2018 until 7 January 2019, emails will continued to be monitored.

We really do appreciate all our clients and hope that you all have  joyous celebrations with family and friends and get a chance to spend time with those you love.

As usual, please contact us if you have any questions regarding your financial requirements or this month's articles.

 

Regards

Vince Dore CFP
Director