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December 2019 – Economic Snapshot

In summary December closed out 2019 on a positive note with equities, bonds and commodities all rallying as key economic data steadied and the US and China agreed to sign the Phase One trade deal. Central banks, including our Reserve Bank, flagged their intention to keep providing liquidity support for the foreseeable future. Heading into […]
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November 2019 – Economic Snapshot

In Summary November was a good month for equity markets as the broad risk-on theme continued. Both the local and US equity markets reached new highs. In contrast, the performance of bond markets was mixed, especially for the global bond markets, where expectations of further interest rate cuts have diminished. However, the Australian bond market […]
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In summary After starting October on a cautious note, markets became a little more optimistic about global economic conditions as the month progressed. News that the US and China would sign the so-called “Phase 1” agreement in the trade dispute contributed to the markets’ improved mood, as did the Federal Reserve cutting the cash rate […]
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September 2019 Economic Snapshot

In summary September’s market action was in clear contrast to the previous month. August’s concerns about global growth, trade wars and geo-politics gave way to a somewhat more optimistic mood in which the relative performance of key asset classes was reversed. In particular, equities rallied while bonds and gold sold off in September. The seasonal […]
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