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Financial Market Update October 2018

November 12th, 2018|News|

Financial Market Conditions

Global financial markets experienced some volatility over the past month as equity markets around the globe continued to grapple with the prospects of higher interest rates.

Mixed economic data out of the US, stalled Brexit negotiations and Italian budgetary issues caused volatility in global equity market during October. Early in the month US 10-year […]

A guide to the responsible use of debt

October 24th, 2018|Council Information, News|

Introduction

Councils that found themselves with the requirement for significant levels of debt in the 1980s and early 1990’s when interest rates were at historic highs, felt under pressure to minimise borrowings.  The legacy of those times has been a factor in councils being averse to borrowing, even when interest rates are at historic lows. Yet […]

Use of debt: common questions and answers

October 24th, 2018|Council Information, News|

Q    Why does a council need debt?

A
Using debt, is an effective way to provide services and infrastructure without the need for dramatic rises in council rates and to effectively spread the repayment of the cost of the assets  over  the ratepayers who will benefit from the assets.

 

Q    How long will it take to pay off […]

Financial Market Update September 2018

October 9th, 2018|News|

Financial Market Conditions

Global financial markets were relatively stable over the past month as emerging market contagion fears subsided.

Fears of a broader emerging markets economic crisis dissipated over the past month after Turkey lifted its benchmark interest rate by 6.25% to 24%. While this move stabilised its currency the long-term prospects for the Turkish economy are […]

Financial Market Update August 2018

September 11th, 2018|News|

Financial Market Conditions

Global financial markets saw some volatility over the past month primarily driven an emerging economic crisis in Turkey and contagion fears associated with emerging economies.

Early in the month, tension between the US and Turkey saw the US impose higher tariffs on Turkish aluminium and steel imports. These actions placed pressure on the already […]

Financial Market Update July 2018

August 8th, 2018|News|

Financial Market Conditions

Global financial markets were relatively stable over the past month with trade tensions between the US and China remaining the only real point of friction.

Trade tension between the US and China simmered over the past month with reports of different parts of the US economy benefiting and suffering as a result of trade […]

Financial Market Update June 2018

July 10th, 2018|News|

LGFA Financial Market Conditions

Global financial markets were relatively stable over the past month although recent trade tensions between the US and China re-emerged.

In mid-June the US Federal Reserve increased their reserve rate by 0.25% to range between 1.75-2%. The move was widely anticipated, however, markets were surprised by the Fed’s projection that it may need […]