Market Movements and Economic Review (May 2024)

Click the video above to view our May update.

As eyes turn to the 2024-25 Federal Budget, stronger-than-expected domestic inflation was recorded for April.

The markets have been subdued due to geopolitical instability and uncertainty around cash rates both in Australia and the US.

The S&P/ASX 200 was down by about 2.5% for April.

Please contact our office if you’d like assistance with your personal financial situation.

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Ben Wieland
EGU | Partner and Senior Wealth Manager

1300 102 542 | 0423 710 820
ben@egu.au | www.egu.au
GPO Box 1598 Brisbane QLD 4001

This is general advice and has been prepared without considering your objectives, financial situation, or needs. You should therefore consider the appropriateness of the advice, in light of your own objectives, financial situation, or needs, before following this advice. If the advice relates to the acquisition, or possible acquisition of a particular financial product, you should obtain a copy of, and consider, the Product Disclosure Statement (PDS) for that product before making any decision.