In the September 2016 edition of the Market Update:
- Equities traded in a relative tight range in August but finished modestly higher
- Crude oil prices recovered 7.5% on talks of possible production freezes from OPEC and non-OPEC countries when they meet in late September
- China economic data was a little softer with declines in industrial production and retail sales growth
- US economic data was somewhat mixed. The July non-farm payrolls figure was better than expected which led US Federal Reserve officials to begin talking about further interest rate rises
- Economic data in Europe was a little softer with the core annual inflation rate slipping from 0.9% to 0.8% in August
- Australia’s economy grew at the strongest annual rate in four years with growth of 3.3% year-on-year in the June quarter. However, household consumption growth was weaker while government spending was much stronger than in the prior quarter
There’s more commentary, plus our usual tables with all the key market data on Shares, Interest Rates and Property in the linked document below.