Market movements and review video – August 2024
Stay up to date with what’s happened in markets and the Australian economy over the past month.
While the anxiously awaited release of the latest inflation data at the end of July, showed an increase, it was in line with economists’ predictions.
Given the RBA wants inflation back within a 2-3% target range by the end of 2025, there were concerns about the inflation figures and the implications for the cash rate.
The ASX finished the month strongly with an increase of around 4%, riding out a mid-month plunge and surging to a record high for the ninth time this year.
Click the video below to view our update.
Please get in touch if you’d like assistance with your personal financial situation.
Plan Financial Solutions Pty Ltd ABN 44 648 985 479 is a Corporate Authorised Representative of Politis Investment Strategies Pty Ltd, ABN 71 106 823 241, AFSL No. 253125.
The Financial Planners of Plan Financial Solutions Pty Ltd provide financial advice as Authorised Representatives of Politis Investment Strategies Pty Ltd.
Plan Financial Solutions Pty Ltd does not provide any other services other than those services authorised under the agreements connected with Politis Investment Strategies Pty Ltd.
The individual sender is only acting as an Authorised Representative on behalf of Politis Investment Strategies Pty Ltd for financial advice services as authorised under an agreement on behalf of Politis Investment Strategies Pty Ltd.
Politis Investment Strategies Pty Ltd shall not be liable to any person in respect of any such activities and/or services that are not authorised by Politis Investment Strategies Pty Ltd under an agreement with the individual sender and Plan Financial Solutions Pty Ltd. Unless specifically indicated, the information contained in this email is general in nature and does not take into account your personal situation.
You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a financial adviser.
The Financial Planners of Plan Financial Solutions Pty Ltd provide financial advice as Authorised Representatives of Politis Investment Strategies Pty Ltd.
Plan Financial Solutions Pty Ltd does not provide any other services other than those services authorised under the agreements connected with Politis Investment Strategies Pty Ltd.
The individual sender is only acting as an Authorised Representative on behalf of Politis Investment Strategies Pty Ltd for financial advice services as authorised under an agreement on behalf of Politis Investment Strategies Pty Ltd.
Politis Investment Strategies Pty Ltd shall not be liable to any person in respect of any such activities and/or services that are not authorised by Politis Investment Strategies Pty Ltd under an agreement with the individual sender and Plan Financial Solutions Pty Ltd. Unless specifically indicated, the information contained in this email is general in nature and does not take into account your personal situation.
You should consider whether the information is appropriate to your needs, and where appropriate, seek personal advice from a financial adviser.