FinSec Post

/FinSec Post

Weekly Market Update – 3rd May 2019

Investment markets and key developments over the past week Share markets fell earlier in the past week with the US Federal Reserve (Fed) indicating no inclination to cut rates, a bit of wariness around US/China trade talks and as a fall back in oil prices weighed on energy shares but US shares were given a boost by another Goldilocks jobs report on Friday. This resulted in a mixed week for shares with US shares up 0.2% for the week, Eurozone shares down [...]

2019-05-07T04:51:46+00:00May 7th, 2019|FinSec Post, Weekly Market Update|

When it comes to franking credits, all public funds are not the same

Many SMSF trustees who may lose their franking credit refunds under Labor’s proposed policy are considering transferring to a large retail or even industry fund. It has become a common assumption that such a fund will give retirees access to franking credit refunds. For example, Robert Gottliebsen writing in The Australian last weekend said: “But the ALP plan is that if you save via an industry super fund or a large retail fund, then you can receive your cash franking in full.” This [...]

2019-05-16T01:40:54+00:00May 3rd, 2019|FinSec Post, SMSF|

Weekly Market Update – 26th April 2019

Investment markets and key developments over the past week Share markets were mixed over the last week. US shares rose 1.2% to a new record high, helped by good earnings news and rising energy shares on the back of high oil prices. Japanese shares rose 0.3%. Following the US lead, Australian shares rose 1.8% to be back above last year's high helped by banks, energy shares and talk of an imminent RBA rate cut. But Eurozone shares fell 0.2% and Chinese shares [...]

2019-05-01T04:55:49+00:00April 26th, 2019|FinSec Post, Weekly Market Update|

Weekly Market Update – 18th April 2019

Investment markets and key developments over the past week Global equity markets were generally up over the past week except in the US (down 0.1%) dragged down by health care stocks due to concern around potential changes in government regulation following Bernie Sanders' comments around his proposed "Medicare for All" program. Chinese shares continue to rise, up by 3.3% thanks to better data reports indicating evidence of 'green shoots' for the global economy. Japanese shares were up by 1.5%, Eurozone equities +1.5% [...]

2019-04-24T02:16:25+00:00April 24th, 2019|FinSec Post, Weekly Market Update|

Weekly Market Update – 12th April 2019

Investment markets and key developments over the past week There were lots of headlines over the last week about the IMF downgrading its global growth forecasts to 3.3% for this year from 3.5% - but it's really just catching up to last year's growth slowdown which was reflected in last year's share market falls. So, while the IMF headlines caused a one-day blip in markets its nothing new. Particularly with central banks already having swung back to being dovish and signs emerging [...]

2019-04-17T00:59:40+00:00April 17th, 2019|FinSec Post, Weekly Market Update|

Weekly Market Update – 5th April 2019

Investment markets and key developments over the past week Global share markets pushed higher over the last week helped by more "green shoots" pointing to improving global growth this year, including Chinese business conditions PMIs and the US ISM index and a stabilisation in Eurozone composite PMIs, another Goldilocks jobs report in the US and more indications that the US and China are getting closer to a deal on trade (albeit with issues around enforcement and the removal of last year's tariff [...]

2019-04-10T04:59:35+00:00April 10th, 2019|FinSec Post, Weekly Market Update|

2019/20 Federal Budget Report

2019/20 Federal Budget Report A Budget for the political times tempered by the economic times, is the underlying theme for Budget 2019. With Scott Morrison to call the election within a matter of days, Treasurer Josh Frydenberg had to pull a rabbit out of the hat last week and we’ll know by election day whether it’s a live one or not. The strategy was simple; reinforce the Government’s superior economic management with cash hand-outs, restoring the surplus and covering essential services [...]

2019-04-10T01:29:11+00:00April 10th, 2019|Federal Budget, FinSec Post|

Weekly Market Update – 29th March 2019

Investment markets and key developments over the past week Share markets were mixed over the last week as global growth worries continue to impact. US and Eurozone shares rose a bit, but Japanese and Chinese shares fell in lagged response to the previous week's falls in the US and Europe. Australian shares were little changed. Bond yields generally continued to drift lower, commodity prices were mixed with oil and copper up but gold and iron ore down and the $US rose which [...]

2019-04-03T23:19:29+00:00April 3rd, 2019|FinSec Post, Weekly Market Update|

Weekly Market Update – 22nd March 2019

Investment markets and key developments over the past week While Eurozone shares fell slightly, other major share markets rose over the last week helped by Fed dovishness. From their December low US shares are now up 21%, global shares are up 18% and Australian shares are up 14%. The underperformance of Australian shares in the rebound since December reflects the fact that they didn't fall as much in last year's share market slump and because the growth slump locally has weighed more [...]

2019-03-28T05:19:28+00:00March 28th, 2019|FinSec Post, Weekly Market Update|

Weekly Market Update – 15th March 2019

Investment markets and key developments over the past week Global share markets rebounded over the last week helped by benign economic data and China's confirmation of policy stimulus. US and Eurozone shares rose 2.9%, Japanese shares gained 2% and Chinese shares rose 2.4%. Australian shares fell 0.5% though, with consumer and financial shares down on worries about the economy. Bond yields were basically flat in Germany & Japan but fell in the US and the Australian 10-year bond yield fell below 2% [...]

2019-03-20T23:10:18+00:00March 20th, 2019|FinSec Post, Weekly Market Update|