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.


Like This