147. Market Wrap
Manage episode 431482849 series 3559707
Welcome back to another episode of the 360 Money Matters Podcast! We are back again with our monthly ‘Market Wrap’ segment.
In this episode, we discuss the latest market activities, focusing on the U.S. and Australian economies. We note that the S&P 500 decreased by 0.77% in July, though smaller companies showed growth due to sensitivity to lower interest rates. In the U.S., potential interest rate cuts are anticipated as inflation eases, while Trump’s potential election could impact economic policies. Europe sees economic uncertainty with the ECB keeping rates unchanged at 3.75%. In contrast, Australia experiences high inflation and rising employment, with the ASX 200 up 29 basis points, indicating market resilience despite economic challenges.
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This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of AMP Financial Planning – AFSL 232706
Episode Highlights
S&P 500 down 0.77% for the past month
Expectation of US interest rate cuts in near future
US Politics and economic outlook
European Central Bank rates unchanged at 3.75%
Australian employment rose by 50,000 in July
Australian economic outlook and interest rates
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