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Summary US tariff concerns continue to weigh on global investor sentiment. Softer US economic data and stable inflation have strengthened expectations for US rate cuts in 2025. In Australia, a solid earnings season and the first cash rate reduction since 2020 did little to lift the share market. Economic indicators suggested a more supportive outlook
Read More...2024 Year in Review 2024 was a strong year for equity investors. Resilient economic growth and robust corporate earnings, particularly from US companies, supported equity markets. Moderating inflation paved the way for easier global monetary policy which further supported equity market sentiment but did little to lift bond markets which ended a volatile year well
Read More...In Summary Global equity markets reached new all-time highs in the final quarter of 2024, buoyed by improved investor sentiment following the election of Donald Trump and significant fiscal stimulus measures announced by Chinese authorities. As we move into the first quarter of 2025, markets are balanced between a resilient economic outlook and a range
Read More...Key messages Government debt levels cause investor angst. The Trump administration is likely to see the rising trend in debt to GDP increase further as fiscal spending accelerates, thereby increasing the bond market term premium (higher yields). Aussie dollar under pressure as the US dollar strengthens. The Australian dollar has weakened against the US dollar,
Read More...November 2024 Summary In November, equity markets rallied following a resounding US election victory for Donald Trump. US and Australian share markets gained significantly, while other global markets, especially emerging markets, lagged. Bond markets experienced initial volatility post the election but ultimately stabilised, with US bonds ending the month stronger. Selected 12-month market returns (%),
Read More...Below, please find attached a piece written by Evergreen, our investment consultants, giving a broad market and economic update and a message to stay the course. The shock to economies from the outbreak of coronavirus has been felt world-wide. So far, China and Europe have been the worst affected, while Australia has been partly shielded
Read More...For investors, it can be easy to feel overwhelmed by the relentless stream of news about markets. Please watch the video in this blog…
Read More...“Sellers were out in force on the market today after negative news on the economy.” It’s a common line in TV finance reports. But have you ever wondered that if there are so many sellers out there, who is buying? The notion that in down days sellers outnumber buyers doesn’t make sense. What the newscasters
Read More...Last week the leader of the Opposition Bill Shorten announced that a Labor Government would stop refunding excess franking credits received from Australian company dividends. Clearly there is a fair bit that would need to happen on the Australian political landscape to transform this proposal into law, however we thought it appropriate to identify exactly
Read More...‘Tis the season to make forecasts. As we approach the end of the year, newsroom staffing dwindles and editors look for space fillers to keep the readers happy. Yes, here come the investment “outlooks” again. Each year at this time, the financial pages are filled with “investment outlooks” that tell us what we can expect
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