• Helm Private Wealth

Market Update 23rd August 2019

Updated: Dec 5, 2019


Investment markets and key developments over the past week


The past week saw global share markets recover some of their recent losses until President Trump’s trade war escalated again on Friday swamping dovish comments from Fed Chair Powell and whacking US stocks sharply lower with a flow on to other share markets likely to be seen early in the week ahead.


This saw US shares fall 1.4% for the week which took them back down to their August lows. Other share markets managed gains over the last week with Eurozone shares up 0.3%, Japanese shares up 1.4%, Chinese shares up 3% and Australian shares up 1.8% but all are likely to fall early in the week ahead in response to a sharp 2.6% fall in US shares on Friday. Bond yields were mixed over the last week with initial rises that were reversed on Friday as the trade war escalated again. Oil, metal and iron ore prices fell but the gold price rose. The A$ fell despite a rise in the US$.


Click on link below to read the full article by Dr Shane Oliver - Head of Investment Strategy and Economics, AMP Chief Economist


https://www.ampcapital.com/au/en/insights-hub/articles/2019/august/market-update-230819


Helm Private Wealth Pty Ltd. Proudly created with Wix.com

Helm Private Wealth Pty Ltd is a Corporate Authorised Representative (AFSL No 1266176) of Clarity Financial Services Pty Ltd AFSL No. 276771.

Copyright Helm Private Wealth Pty Ltd

Information provided on this website is general in nature and does not constitute financial advice. Helm Private Wealth Pty Ltd will endeavour to update the website as needed. However, information can change without notice and Helm Private Wealth Pty Ltd does not guarantee the accuracy of information on the website, including information provided by third parties, at any particular time. Helm Private Wealth Pty Ltd does not give any warranty as to the accuracy, reliability or completeness of information which is contained in this website. Except insofar as any liability under statute cannot be excluded, Helm Private Wealth Pty Ltd and its employees do not accept any liability for any error or omission on this website or for any resulting loss or damage suffered by the recipient or any other person.