Feb 17, 2017 | Investment Advice

International News (Issue 436) – 17 February 2017

The main thing from offshore markets this week to my thinking was the surge in US economic activity in February according to regional surveys in each of New York and Philadelphia.

The post-Trump effect is clearly still at play, but the strength of these numbers and the ongoing strength in employment data seems to suggest there is an increasing likelihood of an earlier-than-expected Federal Reserve interest rate rise, perhaps as soon as mid-March.

The increasing likelihood of a rate rise here will at some point temper recent market strength and this is to be increasingly occupying investor’s minds.

An early US rate rise would in many respects be a good thing for Australia’s economy as it will bring about some much needed easing in the Australian Dollar.

U.S. S&P 5002347+39+1.7%
London’s FTSE7278+48+0.7%
Japan’s Nikkei19348+440+2.3%
Hang Seng24108+583+2.5%
China’s Shanghai3229+46+1.4%


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.


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

Request a consultation

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

Request a consultation