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DelphiNews April 2019

I'm pleased to enclose the April edition of DelphiNews.

Market Update

  • Data from the US has confirmed that the slowdown in growth has continued through early 2019, although March employment and PMI figures have shown some positive signs.

  • The Brexit issue is still creating uncertainty for markets. Prime Minister May will now seek a bipartisan deal to present to the British parliament and EU negotiators.

  • The outlook for European growth and inflation is weakening while manufacturing is in its deepest downturn in almost six years.

  • Australia’s federal budget contained few surprises, with the return to surplus and tax measures largely anticipated by the market.

  • Chinese industrial production and exports were softer in March, but stimulus measures are beginning to flow through the domestic economy

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: Is Australia's consumer sentiment the canary in the coal mine?

Senior Economist Bob Cunneen discusses why the Australian consumer appears subdued and the hopeful signs that could get these consumers more chirpy about the future.

Paying for health care in retirement

In retirement, an Australian couple needs from $4,700 to $9,400 a year to pay for health care , according to the Association of Superannuation Funds of Australia, and the average cost of private health insurance rose 4.8 per cent in 2017, far outpacing inflation. Robin Bowerman, Head of Corporate Affairs at Vanguard identifies in the article below health risk as one of five risks that you need to understand and evaluate when you plan for retirement.

Understanding your retirement income

It is important to understand where this income will come from, how long it will last, and whether your retirement investments are on track, or whether some adjustments need to be made to get you there.

Please contact us if you have any questions regarding your financial requirements or this month's articles.

In a month's time Australian voters will be heading to the polling booths for the Federal Election. So here's hoping you have a peaceful Easter Break relatively free of politics!

 

Regards

Vince Dore CFP
Director