Stay up to date with what’s happened in the Australian economy and markets over the past month.
June was a big month in an eventful year for the local and global economy, with inflation and interest rates continuing to dominate.
With inflation sitting at 5.1% in Australia, cost of living pressure is mounting. The Reserve Bank lifted the cash rate to 0.85% in June, with more rises anticipated.
June also saw a global sell-off in shares, with the ASX 200 posting its worst month since March 2020.
Click the video below to view our July update.
Please get in touch if you’d like assistance with your personal financial situation.
Advice Centre is a collaboration of Lending Specialists (Lewis Consulting & Finance Pty Ltd ACN 650 030 274), Accountants (CLM Management Pty Ltd ACN 125 745 128) & Financial Planners (STB Wealth Pty Ltd ACN 614 239 799) – Creating Valuable Outcomes, Together.
STB Wealth Pty Ltd ACN 614 239 799 trading as Advice Centre (Corporate Authorised Representative #1250433) of Alliance Wealth Pty Ltd ABN 93 161 647 007 (Australian Financial Services Licence #449221.
This information has been provided as general advice. We have not considered your financial circumstances, needs or objectives. You should consider the appropriateness of the advice. You should obtain and consider the relevant Product Disclosure Statement (PDS) and seek the assistance of an authorised adviser before making any decision regarding any products or strategies mentioned in this communication.
Whilst all care has been taken in the preparation of this material, it is based on our understanding of current regulatory requirements and laws at the publication date. As these laws are subject to change you should talk to an authorised adviser for the most up-to-date information. No warranty is given in respect of the information provided and accordingly neither Alliance Wealth Pty Ltd nor its related entities, employees or representatives accepts responsibility for any loss suffered by any person arising from reliance on this information.