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As we write the Australian Stock Market (as measured by the ASX200) is down 22% from its high point back on the 21st of February whilst the NZ 50 is down 12%. On the 23rd of March, the Australian market was down over 36%, while NZ was down 30% - an extraordinary fall in just
The start of 2020 has certainly been challenging, from the devastating Australian bushfires over the new year period to the current global COVID-19 pandemic. This month, we look at developments in the March quarter and into April, a period which will be remembered in investment history as the “coronavirus crash”, as COVID-19 took hold of
General Advice Warning Any information and/or advice contained in this video is of a general nature only. It has been prepared without taking into account any individual person’s objectives, financial situation or needs and you should consider whether it is appropriate for you and your personal circumstances. Before making a decision in relation to any
Interest rate announcement - April 2020As a result of the ongoing impact of the COVID-19 Pandemic, the RBA last month took the unprecedented step of cutting the cash rate twice (once at normal monthly meeting and an additional emergency cut later that month on 19 March) which saw the cash reach a historic low
At Harvest Financial Group, we’re continuing to monitor the evolving situation of Coronavirus ‘s impact on financial markets and people. In order to contain the spread of the very contagious Coronavirus (aka COVID-19), governments around the world are taking extraordinary measures to limit person-to-person contact within their populations, which in turn is taking a great
Interest rate announcement - March 2020This month, in the context of the Coronavirus outbreak and its impact on markets and consumer condfidence, the RBA has reduced the cash rate to a new record low of 0.50%. We expect this reduction to be at least partly passed on to borrowers. The inflation rate is currently
