A 5 minute video analysis of the budget from Gemma Dale along with a four page analysis is attached.
Our next seminar is Wednesday June 5, 6 pm to 7.30 pm in the Arkaba Hotel (The Board Room). Call 8274 3744 to register.
Last month the ongoing issues in Cyprus further eroded market confidence in Europe, with the decision to “bail-in” depositors only adding to the sentiment.
In the US, the Dow Jones continued its upward trend to reach all-time highs in April. The housing sector was also a stand-out performer last month and continues to be one of the most rapidly growing sectors.
In domestic news, the RBA cut the official cash rate to 2.75% at the May meeting. All eyes will now be on the Federal Budget and any potential changes to fiscal policy before the September election.
As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.