Australian unemployment has hit a 12 year high. Sound bad - but how bad? What are the implications for the economy?
ETFs, or Exchange Traded Funds (which are basically managed funds traded on the stock exchange, hence the name), continue to be enthusiastically embraced by investors. Furthermore, according to a recent report from Vanguard and Investment Trends, self-managed super funds are driving much of their burgeoning growth.
International shares have spluttered recently thanks to worries about the looming threat of US inflation, more Russian sanctions, the defaulting Argentinian economy and the collapse of Portugal’s Banco Espírito Santo.
As widely expected the US Federal Reserve left interest rates on hold near zero this week, despite better economic news out for the world’s biggest economy.
The Australian economy has lost some of the momentum it was building in late 2013 according to the latest Investment Outlook Report (Australia) from van Eyk.
The investment research house attributes the economy’s current condition to a combination of factors including a weaker Chinese economy and falling commodity prices, and the RBA’s decision to leave interest rates on hold since August 2013.
Not only is the Australian sharemarket trading around a post-GFC high, the level of mergers and acquisitions (M&As) is also on the rise.