News

Global markets ​surged higher overnight after a raft of data bolstered confidence in the American economy and trade tensions eased. ​

Political tensions appeared to subside in Hong Kong, after embattled leader Carrie Lam said she formally withdrew legislation to allow extraditions to China, the detonator for three months of often-violent protests.

​Property markets across Australia & NZ are showing signs of stabilisation, with factors such as lower interest rates, more relaxed regulations by APRA, and a surprise Australian election outcome contributing to positivity.

US stocks fell as data showed US factory activity shrank for the first time since 2016 in August.

Property markets across Australia & NZ are showing signs of stabilisation, with factors such as lower interest rates, more relaxed regulations by APRA, and a surprise Australian election outcome contributing to positivity.

The Australian market (ASX 200) ended the month losing -3%, while the NZ market (NZX 50) finished August down -1%.​