• Facebook
  • LinkedIn

Venture Financial Planning Pty Ltd

03 5434 7600 Contact us
  • Home
  • About Us
    • About Us
    • Our Team
    • Careers
  • Financial Services
    • Superannuation & Retirement Planning
    • Investment Advice
    • Cashflow & Debt Management
    • Personal Risk Insurance
    • Centrelink Services
    • Aged Care
    • Estate Planning
  • SMSF Accounting
  • News & Resources
    • News & Market Updates

November 17, 2020 by Venture

Market Update | November 2020

The Pulse

Click here to read the full update.

• Senator Biden is projected to win the US presidency, while President Trump’s chances hinge on successful legal challenges in multiple battleground states.
• Markets were buoyed in November by the successful trial of the Pfizer/BioNtech vaccine, which is expected to be approved by the FDA later in the month.
• Rising COVID-19 cases in Europe have forced countries to return to lockdown conditions, including the closure of non-essential businesses.
• After bouncing back from the pandemic, China revealed its new five-year plan, which continues China’s focus on emerging technology and innovation.
• Australia’s combined fiscal and monetary response, along with the easing of restrictions across the country, are expected to boost the recovery in the final quarter of 2020.

Australia

With a string of zero daily cases, the Victorian Premier Daniel Andrews announced an easing of restrictions, including the removal of the 25km ‘ring of steel’ around Melbourne and a further relaxing of rules around social gatherings and businesses.

Global economies

Data from the World Health Organisation showed confirmed COVID-19 cases worldwide were above 45 million at the end of October and global deaths were 1.2 million. According to the IMF, the global growth rate is forecast to be a significantly negative figure of -4.4% for 2020, bouncing back to 5.2% in 2021, although recovery is expected to be “uneven and uncertain”.

US

The economic data point to ongoing strength in the US recovery but record daily cases of COVID-19 are dragging on sentiment. After a tense presidential election race, Senator Biden is the projected winner, while President Trump’s dwindling chances hinge on legal challenges in Pennsylvania and other battleground states.

Europe

New coronavirus cases continued to rise across Europe, prompting countries to implement new restrictions. The UK broadened the number of cities under the highest tier restrictions, while Germany and France announced heightened restrictions to prevent an uncontrolled outbreak.

China

China unveiled its 14th five-year plan, outlining its economic and social priorities for 2021-25. The plan is centred around maintaining economic growth, with technology and innovation again a key focus, especially strategic emerging sectors like biotechnology, semiconductors and new energy vehicles.

Asia Region

India became the second country to pass 8 million COVID-19 cases in October, fast approaching the US, which ticked over 9 million at the start of November. Concerns continue to mount as India approaches its major Hindu festival season, which is likely to increase the speed of the spread of the virus.

Financial Services Guide

Our Financial Services Guide (FSG) is a detailed guide to our business and the advice services we offer. It describes the fees we may charge, the information we may collect about you, and the ways we use that information.

If you have any questions, or if anything is unclear, please feel free to contact us.

Download our FSG

Venture Representative Profile

Direct Debit Request

Our Financial Services

  • Superannuation & Retirement Planning
  • Investment Advice
  • Cashflow & Debt Management
  • Personal Risk Insurance
  • Centrelink Services
  • Aged Care
  • Estate Planning
  • Privacy Policy and Disclaimer
  • Financial Services Guide Pt1
  • Financial Services Guide Pt2

Copyright © 2025 Venture Financial Planning Pty Ltd
Wordpress Website by The DMA

Venture Financial Planning Pty Ltd ABN 62 095 194 559 wholly owns Venture Financial Advisers Pty Ltd ABN 60 648 465 445. Venture Financial Advisers is a Corporate Authorised representative of Count Financial Limited ABN 19 001 974 625 Australian Financial Services Licence Holder Number 227232 ("Count Financial"). Count Wealth Accountants® is a trading name of Count Financial. Count Financial is 85% owned by Count Limited ABN 111 26 990 832 ("Count") of Level 8, 1 Chifley Square, Sydney 2000 NSW and15% owned by Count Member Firm Pty Ltd ACN 633 983 490 of Level 8, 1 Chifley Square, Sydney 2000 NSW. Count is listed on the Australian Stock Exchange. Count Member Firm Pty Ltd is owned by Count Member Firm DT Pty Ltd ACN 633 956 073 which holds the assets under a discretionary trust for certain beneficiaries including potentially some corporate authorised representatives of Count Financial.