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Bi Monthly Market Update | Shares surge…..what trade war?

By Jody Fewster

Shares surge…..what trade war?

  • Our share market has recovered from last week’s correction amid reassurances of extra stimulus from global central banks and fewer concerns of a US recession.
  • The ASX – 200 closed at 6,545 yesterday and is now trading down at 6,481.7 as I type.  Gold was down.
  • The Aussie dollar is at 67.78 cents.
  • As much as Trump is trying to talk down the risk of recession, 74% of US business economists believe the risks emerging from his economic policies mean there will be a recession by the end of 2021.
  • There is no further clarity in the US-China trade negotiations nor on Brexit.
  • Realestate.com.au’s chief economist Nerida Conisbee has been in Perth sharing her thoughts on the Perth market’s positive green shoots of recovery. Nerida assures us we are on the path to a slow uptick. Mining is again at the forefront of the recovery with house prices in Karratha growing by 30%.
  • The Sydney property market is now down 11% from its peak and indicators are suggesting it is bottoming out.
  • We have 15 current off market listings ranging from $1.6 million to $12 million. Call me now to see if we have your next home.
Authored by Jody Fewster | 0414 688 988
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