Lonsec Market Update

Market Update – September 2021

This month:

  •  The Australian share market reached an all-time high in August, with the S&P/ASX 200 gaining 2.5% for the month.
  • Non-farm payrolls added 235,000 jobs, the lowest in seven months and well below forecasts of 740,000 as a surge in COVID-19 infections may have discouraged companies from hiring and potentially discouraged workers  from actively looking for a job.
  • Eurozone economic sentiment dropped to 117.5 falling for the first time since January’s slight decline, amid concerns over the Delta coronavirus variant.
  • The RBA kept the cash rate on hold at 0.1% as expected; Australian GDP increased 0.7% in the second quarter, ahead of expectations.

Read the full Market Update prepared by Lonsec here.

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