Parents naturally want to help their children, even when those ‘kids’ are well in to adulthood. So, when parents see their adult children struggling to get a foothold in Australia’s red-hot property market, many of them lend a hand – so much so, that the so-called Bank of Mum and Dad is now the country’s fifth-largest lender.
The September quarter delivered mixed performance across markets around the world with the US stock market posting its strongest quarterly performance since 2013 and Japan delivering a stand out market return on the back of a weakening yen.
Asian markets are facing elevated risk through the contagion effect of the Trade war outcomes between the US and China, mainly through uncertainty that impacts confidence and positive business activity.
Watch as James Kerr, Head of Asset Allocation for BT Financial Group, gives you his insights into the financial environment, geopolitical tension and the threat of ongoing trade wars and how these may affect the markets in 2018.