Market Update January 2012

Written on the 20th of January 2012 by Garvan

Dear Valued Client

We are pleased to enclose the first edition of Market Update for 2012.

CLICK HERE to read the report.

With much of the news in last year’s editions of Market Update focusing on the developments in Europe around sovereign debt issues, it’s not surprising that Europe is again key to how sharemarkets in 2012 will play out.

While this uncertainty is bound to dictate news for the months ahead, it’s a little comforting to know that in other major economies, the outlook may be becoming more stable.

The recent news out of the US is that economic data is showing some positive signs around employment and manufacturing.

And despite the recent signs of slowing in China, the economy is holding up relatively well.

How Australia’s economy will fare in 2012 depends a lot on how our resources trade holds up with concerns over China and Europe.

As I’ve mentioned before, markets continue to remain uncertain in the short term, so remember to remain focused on your long-term goals.

If you’d like to discuss anything in this report or any other issues, please feel welcome to call us on 1800 967 548.

Kind regards,

Wealthfarm Group
 
 

Any advice in this communication has been prepared without taking account of your objectives, financial situation or needs. Because of this you should, before acting on any advice, consider whether it is appropriate to your objectives, financial situation and needs.

GWM Adviser Services Limited ABN 96 002 071 749 trading as Garvan Financial Planning, registered office 105 - 153 Miller Street North Sydney NSW 2060, is an Australian Financial Services Licensee and member of the National Australia Bank group of companies.  From time to time Garvan Financial Planning, members of the National Australia Bank group of companies, associated employees or agents may have an interest in or receive pecuniary and non pecuniary benefits from the financial products and services mentioned herein.