At the end of a long, challenging year, it’s understandable that people are keen for a well-earned break. However, the reality is that in 2020, Christmas and New Years will look a little different to what we’ve become familiar with. In this edition, we look at the impact of COVID-19 on the upcoming holiday season and what the recent Federal Budget measures could mean for your retirement.
The US election had earlier dominated attention. Donald Trump’s reluctance to concede diverted attention from possible policy changes under
the new Biden administration, but this will likely become an increasing focus for investors in the months ahead.
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.