Loomis Financial May Newsletter

We hope you're staying safe and well.

At present we continue to have the Office doors closed and our best contact is via the phone. We are continuing to conduct client appointments via the phone and when your annual review is due you will receive your client questionnaire, risk profile questionnaire and a cover letter listing the information we request to assist with our recommendations.

There will also be a stamped addressed envelope for you to return the completed questionnaires and additional information. Once we receive the completed questionnaires we will contact you to organise a time for your review.

In the meantime if you have any questions please call our office and speak to either Tim or Emily.

Market Update - May 2020

Highlights:

Shutdowns, isolation, and social distancing measures have had a profound impact on consumer-facing sectors and have resulted in large spikes in unemployment.
Central banks around the world have embarked on unprecedented emergency lending and bond buying programs to combat the economic effects of the coronavirus.
The Bank of England forecasts UK GDP to contract by 14% in 2020, driven by a 25% decline in the June quarter, to be followed by a rapid recovery.
The Reserve Bank of Australia kept rates on hold at 0.25% at its May meeting and continued targeting the 3-year government bond yield at the same rate.
Growth in new coronavirus cases in Australia slowed significantly in April, although a second wave of infections could eventuate if restrictions are eased too quickly.

If you have any questions regarding this report or would like to discuss your portfolio, please contact me directly on 02 6562 2295.

Read full May 2020 market update report >>