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2019 July edition of Godfrey Pembroke Monthly Market Update

August 9, 2019 by Anthony Joseph Brosnan

In the July 2019 edition of the Market Update:

  • Softer US inflation and PMI figures have dimmed the growth outlook, although further labour market tightening may avert a Fed rate cut for the time being.
  • The trade situation remains the key issue for the global economy, with uncertainty affecting investment and bolstering the case for monetary easing.
  • European manufacturing continues to decline, while a rise in German unemployment spelled further concern for the eurozone’s largest economy.
  • China’s weakening manufacturing sector and an economy at risk of further trade disruption has hastened the authorities’ decision to deploy additional stimulus measures.
  • The RBA cut the cash rate again at its July meeting to 1.00%, proving its willingness to combat weak inflation expectations and protect against downside risks.

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.

Read the July 2019 GPL Market Update here.

Filed Under: News Tagged With: Godfrey Pembroke Monthly Market Update

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