The following two infographics highlight quarterly movements in the economy and investment markets across Australia and New Zealand.

Unemployment has crept up slightly, compared to the June quarter. Currency has declined compared to the USD. The risk on the momentum of the June 2023 quarter has waned as equities fell locally and in the US. Notably despite the change in equity markets, the volatility index remains relatively steady. Following the negative trend of equities, Gold and Milk have fallen. Whereas Oil and Iron Oil have bucked the negative trend. Although headline inflation continues to fall, core inflation remains sticky and high, however, central banks have largely paused interest rate increases over the quarter. The real economy is slowing, but investors remain uncertain. Yields pushed higher while the inverted yield curve in the US flattened with fears of a recession now leaning toward a soft landing. There is a balancing point and quarter on quarter change highlights the rapid response to news and data flow by investors.

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Feel free to utilise this update with your clients, all we ask is that you reference Research IP in your communication. We can also supply individual charts as required. More to come.

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Research IP delivers high quality investment fund research and consultancy services to financial advisers, charities & NFPs and the broader financial services industry. Our experience spans well over 20 years working directly across the multiple facets of finance, so we understand the key drivers and challenges for managers, as well as the impact for investors and the broader industry.

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While every care has been taken in the preparation of this information, Research IP makes no representation or warranty as to the accuracy or completeness of any statement in it including, without limitation, any forecasts. Past performance is not a reliable indicator of future performance. This blog post has been prepared for the purpose of providing general information, it is not personal financial advice and should not be relied upon as a substitute for detailed advice from your authorised financial adviser. You should, before making any investment decisions, consider the appropriateness of the information in this email, and seek professional advice, having regard to your objectives, financial situation and needs.

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