Market Update October 2011

Written on the 19th of October 2011 by GWM Adviser Services

Dear Valued Client

I’m pleased to enclose the October edition of Market Update for 2011.

CLICK HERE to read full Market Udate.

This edition of Market Update looks at the developments with the European debt issues and the fiscal measures being implemented in the US to help their economy.

This includes the US Federal Reserve (FED) announcing “Operation Twist” and President Obama’s plan – the American Jobs Act.

Other key points from this edition include:

• Manufacturing sector growth in China continues

• Australia’s outlook weaker than a few months ago, and

• The RBA leaves the cash rate unchanged yet again.

Similar to what we’ve seen recently, 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 please feel welcome to call us on 1800 967 548.

Kind regards

Wealthfarm

 

 

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.