Market Update 02 October 2020 Investment markets and key developments over the past week Global share markets mostly rose over the last week helped by dip buying in the US, some hope (which is now fading) for a new US stimulus deal and mostly good economic data. Australian shares fell though, after bucking the trend of falling markets in the previous week and with energy, consumer staple, utility, health and financial shares particularly hard hit. …
The laws to protecting your retirement savings Around 40% of working Australians claim they don’t have life insurance1. Yet, with 13.5 million insurance policies inside super2, it’s likely many people may have life insurance without knowing it3. The bigger picture There’s a good chance, at some point in your career, you joined your employer’s default super plan – this is the plan your employer pays super into if you don’t nominate your own. Perhaps it …
Biden versus Trump – the US presidential election is looming as the next big event for investors Key points The US election has significant potential to add to volatility in investment markets. A Trump victory will mean more of the same and would likely initially be more positive for US than global and Australian shares. By contrast a Biden victory may add to short-term volatility but this is likely to be short lived as there …
