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Market Update March 2020

Market Update March 2020


Welcome to the March edition of the Market Update

Highlights:

 
Despite a reasonably robust underlying economy, the impact of the coronavirus is likely to weigh heavily on the US and other China-exposed economies.
 
The Australian government is preparing to release a targeted fiscal stimulus response to support economic growth and avoid a recession.
 
Geopolitical and trade tensions have been forced out of the spotlight, but they remain live issues that could re-emerge as the US presidential race begins.
 
Rate cuts from central banks in response to the coronavirus will be limited in addressing supply-side issues impacting the global economy.
 
As the UK negotiates a trade deal with Europe, Prime Minister Johnson said he will not seek an extension if an agreement is not reached before 31 December.
 
If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on 07 5528 0998