A Finsec View – Australia’s Honey Pot, NCC Trap, Retiree Reflections, 2022 Value of an Adviser Report and More
24th February 2023 Any hope that superannuation regulations will remain unchanged again in the next Federal Budget on 9 May 2023 is fading fast. Super was untouched in 2022, but the Financial Services Minister, Stephen Jones, has done enough jawboning to indicate he is ready to strike. And, with Prime Minister Anthony Albanese (National Press Club) making the below comment yesterday, it seems the super wars could be back on. “We said that we would not have any major changes in superannuation, and that is certainly our [...]
Weekly Market Update – 17th February 2023
Investment markets and key developments over the past week Global share markets were mixed over the last week as concerns about rate hikes continue to impact. Eurozone shares rose 1.9% for the week but US shares fell 0.3%, Japanese shares fell 0.6% and Chinese shares fell 1.7%. Australian shares lost 1.2% for the week partly reflecting ongoing concerns about the impact or more aggressive RBA rate hikes on the economy and earnings and company reports pointing to signs of weakening demand with falls led by financials and [...]
Weekly Market Update – 10th February 2023
Investment markets and key developments over the past week Global share markets mostly fell over the last week on hawkish comments from the Fed, higher bond yields and recession concerns. For the week US shares fell 1.1%, Eurozone shares fell 1.3% and Chinese shares fell 0.9% but Japanese shares gained 0.6%. Australian shares also fell 1.6% not helped by more hawkish than expected interest rate guidance from the RBA with falls led by property, health, utility and IT stocks. Bond yields mostly rose on increased interest rate [...]
A Finsec View – A quandary, 8 billion people, housekeeping matters, Non-Fungible Trump and More
10th February 2023Welcome to the first issue of the View for 2023. After a January sabbatical (editorially speaking), it is good to be back, and we trust all our readers had an enjoyable holiday break. This year, more than usual, it feels like a time to stocktake and check one's goals for the year ahead. Nobody hands out a card that profiles the future, and everybody needs to plan their own 2023 objectives, including financial and investment goals based on their life, their resources, their desires, [...]
Weekly Market Update – 3rd February 2023
Investment markets and key developments over the past week Global share markets rose again over the last week continuing their rally seen so far this year, helped by confirmation that central banks led by the Fed are becoming less hawkish, albeit with mixed earnings news from US tech companies. For the week US shares rose 1.6% despite a fall back on Friday in response to stronger than expected US jobs data which reignited concerns about rate hikes, Eurozone shares rose 2.1%, Japanese shares rose 0.5% but Chinese [...]
Weekly Market Update – 27th January 2023
Investment markets and key developments Global shares rose over the last week continuing their rally so far this year on signs global inflation has peaked and hopes central banks will become less hawkish and that there will be a soft landing. For the week US shares rose 2.5%, Eurozone shares rose 1.4% and Japanese shares gained 3.1%. Despite worse than expected CPI inflation data and increased market expectations for RBA rate hikes (with the market’s expected cash rate peak this year rising from 3.45% to 3.79%) [...]
Weekly Market Update – 20th January 2023
Investment markets and key developments After rising solidly in the first two weeks of the year, US and European share markets pulled back over the last week on the back of recession and earnings worries and hawkish ECB comments. Falls were curtailed by a strong rally on Friday though helped by more optimistic Fed comments with US shares ending down 0.7% for the week and Eurozone shares down 0.5%. Japanese shares rose 1.7% though and Chinese shares rose 2.6%. And the Australian share market rose 1.7%, [...]
Weekly Market Update – 13th January 2023
Investment markets and key developments over the past weekSharemarkets have started the year on a strong footing after a disappointing December, because of the easing in China’s Covid restrictions which will boost global growth, further signs of a deceleration in inflation and expectations of a slowing in central bank rate hikes. US shares were 2.3% higher over the week (with gains across all sectors except health care and consumer staples), Eurozone shares lifted by 2.7%, Japanese shares rose by 1.8%, Chinese stocks were up by 0.2% and Australian [...]