Market Update - October 2018

Market Update – October 2018

This month:

  • 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.

Read the full Market Update prepared by Lonsec here.

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