Market Wrap - May 2023

Welcome to Smart Private WealthLearning CentreNews

Market Wrap - May 2023


Investors remained focused on the release of inflation data and how ongoing pricing pressures might affect monetary policy settings in key regions.

Generally speaking, inflation is not coming down as quickly as policymakers had hoped and interest rates could therefore remain elevated for longer than was previously anticipated.

These evolving interest rate forecasts saw bond yields rise in most major markets and hindered returns from fixed income.

Equity returns were mixed. Australian indices closed the month lower, although returns from overseas markets were stronger.

The proposed increase to the debt ceiling in the US – after borrowing had crept up towards the previously-permitted limit – was passed by the House of Representatives. The proposal will now move to the Senate, where endorsement is anticipated. This potential issue therefore appears to have been averted and is not expected to materially affect financial markets.


READ ONLINE HERE READ ONLINE HERE


Go Further

Smart Private Wealth are your partners in wealth accumulation, protection and management for today and beyond.


CONTACT US CONTACT US


21 Feb

Market Wrap - January 2024

A rally in the second half of the month helped global share markets generate solid gains in January, extending the rally from November and December.


READ MORE READ MORE
7 Dec '23

SMART Life - Issue 15 - Summer 2024

Recent research shows why giving to others can provide us with a mental boost. We feel happier when we have a choice in how and who we give, and when we see the results of our generosity.


READ MORE READ MORE
20 Sep '23

SMART Life - Issue 14 - Spring 2023

Investment markets have shown a lot of enthusiasm for AI and Chat GPT technology. AI productivity gains could boost economic growth and share market performance across the world.


READ MORE READ MORE