Economic Outlook

15 Aug

Economic Outlook

Outlook 

Global government bond yields moved higher in July as stronger US economic data and diminishing global trade concerns saw investors favour shares. Chinese government bond yields were the notable exception with yields drifting lower given hopes for a further easing in monetary policy by China’s central bank.

Australia’s economic data releases have been generally positive with strong jobs growth as well as a revival in consumer sentiment and home building approvals. However Australia’s mild annual inflation at 2.1 % for the June 2018 quarter indicates that consumer price pressures are constrained. The RBA kept the cash interest rate on hold at 1.5 % in July.

Important Information

This Document is provided by Antares Capital Partners Ltd (“ACP”). ACP is a subsidiary of the National Australia Bank Limited group of companies.
This information may constitute general advice. It has been prepared without taking account of individual objectives, financial situation or needs and because of that you should, before acting on the information contained in this document, consider the appropriateness of this information. We recommend that you obtain professional advice to determine whether the information contained in this document is suitable for you.

This document has been prepared in good faith, where applicable, using information from sources believed to be reliable and accurate as at the time of preparation, no representation or warranty (express or implied) is given as to its accuracy, reliability or completeness (which may change without notice).

Any opinions expressed in this document constitutes ACP’s judgement at the time of issue and is subject to change. ACP believe that the information contained in this document is correct and that any estimates, opinions, conclusions or recommendations are reasonably held or made as at the time of compilation. However, no warranty is made as to their accuracy or reliability (which may change without notice) or other information contained in this communication.

Past performance is not a reliable indicator of future performance. Returns are not guaranteed and actual returns may vary from any target returns described in this document. Any projection or forward looking statement in this document is provided for information purposes only and no representation is made as to the accuracy of such projection or that it will be met. In some cases the information is provided to us by third parties, while it is believed that the information is accurate and reliable, the accuracy of that information is not guaranteed in any way. None of members, advisers, employees, directors of Australian National Consulting, ANC Wealth, ACP NAB Group are liable for any loss arising from any person relying on information. This information is directed to and prepared for Australian residents only.

We disclaim all responsibility and liability for any loss, claim or damage which any person may have and/or suffer as a result of any persons reliance on any information, predictions, performance data and the like contained within this document, whether the loss or damage is caused by, or as a result of any fault or negligence.