In this update, Bob Cunneen, Porfolio Specialist, reviews events in markets during October.
He discusses:
- The softer performance of global shares
- How the prospect for higher US interest rates and a close Presidential election caused US shares to fall, and
- How our inflation rate picked up speed, casting doubt on further RBA interest rate cuts and adversely impacting Australian shares.
Read the November 2016 Monthly Economic Update here.
Watch the MLC Economic update – November 2016 video below.
http://www.youtube.com/watch?v=aDjo7rVevY8
9 November 2016
By John Owen
Portfolio Specialist