Please find the September edition of the monthly Market Update.
Global equity markets declined significantly in August amid concerns over the strength of the China economy.
The US market is gaining traction with improvement in manufacturing, employment, consumer confidence and housing providing a solid platform.
The European economic recovery continues with quantitative easing having a positive effect.
In China, the official PMI, slipped to 49.7 in August – the weakest level since August 2012, whilst Japan’s manufacturing PMI increased to 51.7 in August, up from 51.2 in July.
At home, once again the cash rate remained on hold at 2% at the Reserve Bank of Australia’s early September meeting – whilst the growth of housing prices remained steady in August.
Download Update → September 2015 Update