Highlights:
-
The US economy is set to repeat the robust GDP growth achieved in the June quarter, although the figures may be boosted by short-term effects.
-
The signing of a trade deal between the US, Mexico and Canada has managed to settle some nerves, but trade remains a key issue for investors.
-
For the first half of 2018, Australia’s GDP expanded at an annualised pace of 4.0%, challenging the US economy for the strongest rate of growth in the developed world.
-
Australia’s labour market added 44,000 jobs in August, allaying fears of a slowdown in employment growth.
-
China is combatting lower growth with fiscal and monetary stimulus, but easing has contributed to lower market interest rates and a falling yuan.
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on Phone (03) 51 433 450