Access our latest Market Update on the Australian and International economy.
The recent market correction has gathered momentum with the ASX 200 down to 5,214 after nudging 6,000 points earlier this year.
There are a number of reasons why this correction has occurred:
- The initial leg of the correction in June was caused by worries over Greece exiting the Eurozone and the potential flow on effects this could have in Europe.
- The second leg of the correction over the last few weeks has been driven by a further deterioration in the outlook for China, reinforced by the latest Manufacturing Purchasing Managers Index Survey, which showed the worst reading since, the depths of the Global Financial Crisis in March 2009.
Click here to read the full version of our Market Update - Alert but not Alarmed - August 2015.
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