Investment Watch: October

The new financial year has started on a reasonable footing supported by monetary policy (reduction in the official cash rate) and fiscal expansion (tax cuts and rebates). A pick-up in consumer confidence and PMI points to a moderation of the slowdown we’ve seen following the Federal election. House prices appear to have bottomed and there is likely to be more support in the form of further rate cuts. The August reporting season presented evidence that the consumer is responding to stimulus so the October AGM season will be an important barometer for the health of corporate profits.

Read more in Morgans monthly Investment Watch Update.

For investment advice call PPT Financial on (03) 5331 3711.

DISCLAIMER: The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone.  If expert assistance is required, professional advice should be obtained.