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The Treasurer has handed down a relatively responsible Budget, with a strong focus on cost-of-living measures along with some small-business support, cyber-security and infrastructure spending.
Among the lingering effects will be the financial upheaval many people have experienced, some for the first time. Whether brought about by unexpected career change, the fluctuating value of assets, or delayed retirement or estate planning, the resulting fear and uncertainty is real.
Budget 2021-22 follows on from the last Budget’s theme of getting Australia through the pandemic and promoting economic growth and employment. The Australian economy has progressed toward recovery more successfully than others, with a dramatic budget improvement since the October 2020 forecasts.
Budget 2020-21 is firmly billed as a recovery plan, to move Australia from crisis response towards rebuilding the economy following the once-in-a-century shock caused by the COVID-19 pandemic.
It's been a turbulent ride on global markets since the onset of COVID-19, but FMD portfolios are weathering the storm and are well-placed for the future. Watch this update from the FMD Investment Committee for all the latest details.
We continue to receive fantastic feedback about our largest-ever Annual Client Briefing held at the Park Hyatt in Melbourne in December 2019 where we welcomed over 400 guests. One of the things ...
Summary January was a dramatic month for the world economy and financial markets, starting with hostilities between the US and Iran and ending with fears about the new coronavirus (2019-nCoV) ...
Summary December closed out 2019 on a positive note with equities, bonds and commodities all rallying as key economic data steadied and the US and China agreed to sign the Phase ...
Summary November was a good month for equity markets as the broad risk-on theme continued. Both the local and US equity markets reached new highs. In contrast, the performance of ...
Summary After starting October on a cautious note, markets became a little more optimistic about global economic conditions as the month progressed. News that the US and China would sign ...
Summary September’s market action was in clear contrast to the previous month. August’s concerns about global growth, trade wars and geopolitics gave way to a somewhat more optimistic ...
Summary August was a turbulent month for global financial markets with heightening concerns in relation to the ongoing trade dispute between the US and China, and about how much the ...
The Summary July was all about central banks cutting interest rates to support growth. This spurred equity markets to new highs in both Australia and the US. The Reserve Bank ...
The Summary May was not a good month for global equity markets. The prime source of concern was the escalating trade dispute between the US and China, leading markets to ...
The Summary With the Federal Election victory now confirmed for the Liberal–National coalition, we no longer need to plan around changes to franking credits, negative gearing, reductions in CGT ...
The Summary In March, the world’s financial markets continued coming to grips with the implications of the sudden slowdown in global growth in recent months. Data for the manufacturing ...
The Summary February saw further signs of slowing global growth, muted inflation and ongoing geopolitical risks. Key policymakers have responded with more of the “patience and flexibility” message they have ...
The Summary After a very difficult month in December, markets bounced back strongly in January as fears about US monetary policy and a potential recession were alleviated by a mix ...
The Summary 2018 was a year in which global investors significantly reduced their appetite for risk in the face of slower than expected growth, a tightening in US monetary policy, and ...
The Summary Speculation about US monetary policy was the key factor driving markets in November. Comments from senior Federal Reserve officials led the markets to think the Fed is close ...
The Summary October saw the most significant pull-back in global equity markets since 2015. A wide range of issues contributed to this, including the US/China “trade war”, the Italy/EU ...
