Highlights:
-
US economic growth moderated in the September quarter but is underpinned by strong consumer spending growth.
-
The IMF recently downgraded its forecast for global economic growth, partly reflecting the US-China trade war.
-
In Australia, business conditions remain relatively robust while labour market conditions continue to show signs of underlying strength.
-
Chinese GDP grew by 6.5% year-on-year in the September quarter, below the expected 6.6% and down from the June quarter’s growth of 6.7%.
-
Incoming European data was weaker than expected but consistent with broad-based growth and growing inflation expectations.
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on Phone (07) 3343 9228