Market movements and review video – October 2024
Stay up to date with what’s happened in the Australian economy and markets over the past month.
Interest rate speculation is rife after the Reserve Bank of Australia (RBA) kept rates on hold at 4.35% last month.
RBA Governor Michelle Bullock believes it may be “some time” before inflation is “sustainably in the target range”, with concerns about inflation, excess demand, low productivity, and a still tight labour market.
The S&P/ASX 200 reached a new record high, up 2.2% for the month and 7.89% for the year, reflecting global optimism on the macro-economic front.
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.