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  • BUSINESSES AT THE COLD FACE   THANE FINANCE  The All Ordinaries traded fairly flat for the last 3 months which also reflected in economic data and interest rates.  We still continue to see some green shoots amongst the blue chip and green chip stocks with a clear absence of growth from the mining and speculative arena.  Many economists are cautiously optimistic on the direction of the All Ordinaries over the next few months despite its challenging performance in the last 6 months.  However, please remember that the optimism is moderate and in comparison to the challenges of the last 3

  • BUSINESSES AT THE COLD FACE   THANE FINANCE Interest rates were left on hold for the full quarter, which was largely predicted by most economists, and in the medium term this looks to be the prevailing philosophy for the Reserve Bank.  We expect the next interest rate movement to be upward given the rhetoric coming out of the U.S., but we don’t see Australian interest rates moving any time soon. This may not, however, deter the banks from acting outside of the RBA’s direction.  We may find that the banks raise interest rates earlier than expected.  This is again largely

  • BUSINESSES AT THE COLD FACE   THANE FINANCE Whilst we have seen some positive trends midyear, it appears that the latter part of the year will be somewhat more challenged. ANZ economists have sighted that markets are weakening in the back end of 2016 due to a noticeable reduction in Firms’ profits. They have noted that they expect the profitability index to average 6.9 on a comparative of 11.9 in the first 6 months of the year. In line with this the NAB (economic) Survey has placed business conditions at a 19 month low. The All Ords sits at 5612

  • BUSINESSES AT THE COLD FACE   THANE FINANCE  The Australian stock exchange continue to ride on hopes and fears of the American interest rate announcements (which appears to be holding firm).  In the last quarter, we have seen the index remain steady which is in slight contrast to the challenges it faced in the previous 12 months.  We expect some moderately positive movement in the coming quarter, again on the back of new that the U.S. economy is in slow recovery.  Economists are also projecting that Japan’s latest economic reforms will have a positive effect on our exchange.   THANE