Focus on Finance - Summer 2017
CAD Interest Invoices & Debenture Instalment Notices
At the LGFA we are constantly seeking ways to improve our products and services to our members and are happy to advise we will be sending the CAD Interest Invoices and then the Debenture Instalment Due Notices automatically via email to your nominated recipient.
Keep watch for your automated statements due at the end of this month.
If you have any comments or suggestions, please contact us anytime to discuss.
Financial Market Conditions
Global Financial Markets experienced some volatility over the last month as participants digested the policies and direction of the new Trump presidency.
The new Trump presidency continued to drive the direction of what is usually a quiet month for Financial Markets. Many were impressed by the US Presidents acceptance speech but now wanted the lower taxes and infrastructure renewal plan brought into action. Over the month Global equity markets tracked higher, with the Dow Jones breaking through 20,000 for the first time and the USD was weaker against most major trading currencies.
Australian Financial Markets were also active over the past month. Australian Equities followed the lead of the US and edged higher. On the 25th of January, the ABS released consumer price index data that showed prices for the December quarter rose by 0.5% which was below market expectations. This took the 2016 inflation rate to 1.5%, a rate well below the RBA’s target range of between 2-3%. The Australian Dollar has appreciated over the past month and is currently trading at around $0.75 USD.
The RBA Board take a holiday each January and don’t have a scheduled meeting. Most market commentators feel that the RBA is no hurry to adjust interest rate policy, a view reflected by current market pricing.