Market Update - September 2021
Welcome to the September edition of the Market Update.
The Australian share market reached an all-time high in August, with the S&P/ASX 200 gaining 2.5% for the month.
Non-farm payrolls added 235,000 jobs, the lowest in seven months and well below forecasts of 740,000 as a surge in COVID-19 infections may have discouraged companies from hiring and potentially discouraged workers from actively looking for a job.
Eurozone economic sentiment dropped to 117.5 falling for the first time since January's slight decline, amid concerns over the Delta coronavirus variant.
The RBA kept the cash rate on hold at 0.1% as expected; Australian GDP increased 0.7% in the second quarter, ahead of expectations.
Read the full September market update report >>
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on 02 8014 2040. Regards, Life Plan Financial Advisors