I’m pleased to enclose the November 2014 edition of the Market Update. Click here for the full report.
Global economies staged a sharp turnaround in October, renewing confidence, and the impact from the ongoing geopolitical tensions in the Ukraine and the Middle East has taken a back seat over the past few weeks.
The US economy continues its upward trend, whilst China had experienced its slowest growth in October quarterly GDP since March 2009, but is showing signs of stabilisation. Eurozone manufacturing data remained weak again this month with inflation at marginally lower levels.
Domestically, there has been ongoing improvement in business and consumer confidence. The RBA left the cash rate unchanged at 2.5% in November, and it is anticipated to remain at this level well into 2015.
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