We are pleased to enclose the August edition of the monthly Market Update.
This month the Greece debt continues to be a focus for investors however it is beginning to diminish as a concern. Meanwhile, China’s Shanghai Composition Index remains volatile but its Q2 GDP of 7% met the country’s 2015 growth target.
In the United States the economic recovery continued on a positive trend, with manufacturing data slightly declining in July. Importantly, the production index was up 2%.
Over in Europe, retail sales were up sharply, with Germany being a particular stand-out.
At home, the cash rate remained on hold at 2% at the Reserve Bank of Australia’s early August meeting.
If you’d like to discuss anything in this report, please give us a call on 08 9381 6811.
Download Update → August 2015 Market Update