With all the changes we are witnessing to our own working and living arrangements, as well as those of our family and friends, we wanted to take this opportunity to provide an update. The Financial Keys team are currently working from home to do our part in reducing the amount of people travelling to and from the city. It is, however, business as usual, and we maintain the same capabilities as we have in the office.
With all the changes we are witnessing to our own working and living arrangements, as well as those of our family and friends, we wanted to take this opportunity to provide an update. The Financial Keys team are currently working from home to do our part in reducing the amount of people travelling to and from the city. It is, however, business as usual, and we maintain the same capabilities as we have in the office.
Due to the extreme pressure on Australia’s telecommunication services at the moment, caused by the volume of people accessing internet and other facilities from home for work and school tasks, a number of offices and homes around the country are experiencing issues with internet and phones. While we have forwarded our office landline (02 92 333 888) to our office mobile (0421 731 813), if you experience any difficulty calling us, we recommend you call our office mobile directly (0421 731 813) which is answered by our receptionist, Ash.
Please don’t hesitate to contact us if you have any questions or require any assistance.
The Australian equity market (ASX 200), although starting the quarter in good spirits and continuing to rally, driven by lower-than-expected inflation data and positive sentiment, witnessed an acceleration in market volatility due to various economic and political factors. This did not deter investors as the index made history on 17 July by surpassing the 8,000 mark and closing at an all-time high of 8,057. Off the back of positive momentum supported by optimism of interest rate cuts by the US Federal Reserve as early as September the benchmark delivered a strong quarterly return of +7.8%.
A new generation of just over 5 million Australians – born between 1965 and 1980 – are approaching their retirement years.
The Australian equity market (ASX 200), ended the quarter in the red (-1.1%). Higher than expected year-on-year core inflation readings flowing through from the March quarter attributed to the weak performance whilst market anxiety also increased at the thought of a possible rate hike - a long way away from the cuts that had been priced in earlier in the year and in late 2023.