Aug 5, 2016 | Investment Advice

International News (Issue 411) – 5 August 2016

Mmm.

Where to begin?

In the US the economic data continued to walk a ‘goldilocks’ path, demonstrating ongoing growth but nothing so untoward as to prompt the Federal Reserve to awaken from their slumber. Employment and service sector data looked sound.

Perhaps more interesting for markets in the longer term, the Trump Presidential campaign took a few major stumbles this week and he now looks to have ceded his previously strong momentum to Clinton and the Democrats.

In the UK, interest rates were cut to 0.25% and the BOE announced a further surge in quantitative easing (QE) measures involving purchasing government and corporate debt. It also announced a new plan that aimed to ensure the private banking sector passed on the full impact of the rate cut to businesses and consumers.

In China, the economic data remained indifferent with manufacturing falling negative again in July and services continuing to tread its slowly growing path.

Disclaimer: This information has been prepared by Primestock Securities Limited ABN 67 089 676 068, AFSL 239180 (“Prime”). Prime accepts no obligation to correct or update the information or opinions in it. This information does not take into account your objectives, financial situation or needs. Before acting on this information, you should consider whether it is appropriate to your situation. It is recommended that you obtain financial, legal and taxation advice before making any financial investment decision. Prime is bound by the Australian Privacy Principles for the handling of personal information.

SPEAK WITH US TODAY

A unique and personal service approach and support for all your business advisory and personal wealth management needs

Request a free consultation

A unique and personal service approach to support all your business advisory and personal wealth management needs.

Request a free consultation