Market movements and review video – July 2024
Stay up to date with what’s happened in markets and the Australian economy over the past month.
Despite some signs of a weakening economy with stalling growth and a softening labour market, persistently high inflation is acting as a roadblock to the RBA’s possible rate cuts.
Markets have now priced in a risk that the RBA could hike rates as soon as the next meeting in August.
Australian shares finished the month close to where they started, with investor sentiment influenced by news of higher inflation and fears of another interest rate hike.
Click the video below to view our update.
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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.