ThreeSixty Research Market Update – November 2017

Highlights:

  • Recent economic data continues to show that the major economies are all growing and that global growth is accelerating.

  • In Japan, the recent elections returned Prime Minister Shizo Abe’s Liberal Democratic Party with a larger majority allowing a continuation of Abenomics.

  • In the US, markets reacted favourably to the details of the Republican tax reforms and news that Jerome Powell will be nominated as the next Federal Reserve Chairman.

  • In China the 19th Communist Party Congress elected Xi Jinping for another five years as President and General Secretary paving the way for further reform of the Chinese economy.

  • Australian employment continues to grow strongly helped by strong business conditions.

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