Lonsec Market Update

Market Update – October 2021

This month:

  • The Australian share market fell 1.9% in September, ending an impressive 11 month run of gains.
  • Nonfarm payrolls rose 194,000 in September, the lowest so far this year, falling well short of expectations of a 500,000 increase.
  • Eurozone economic sentiment rose to 117.8, supported by optimism from consumers and the construction sector.
  • The RBA kept the cash rate on hold at 0.1% as expected; the Delta variant has interrupted the economic recovery more severely than expected, with GDP likely to decline materially in Q3.

Read the full Market Update prepared by Lonsec here.

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