Market Wrap - September 2020
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The release of Australian-listed company earnings gave local investors something other than virus-related news to focus on.
Earnings rose ~15% in the June quarter compared to the first three months of the year. This was ahead of consensus expectations, but overall the results were underwhelming as anticipated.
Bond yields drifted higher in most major regions, including Australia, amid signs of increasing supply.
Changes from 1 July 2021 will impact on how much money you can contribute to superannuation and how much you can have in your retirement phase superannuation account.
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