Market Update April 2011

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Market Update April 2011

This issue of Market Update and Outlook features an article by Rob Henderson, Chief Economist, NAB Global Markets on the Australian economic outlook following the recent disasters. The full cost of Japan’s earthquake and tsunami is still to be realised with some estimating the clean up and reconstruction to cost a staggering 25 trillion Yen. In China, the authorities have once again tightened their monetary stance to curb inflation concerns. Over in Europe, inflation is also a worry for the ECB with rising commodity and food prices. And, the Australian dollar has reached a 29 year high against the USD breaking the $1.05 mark. If you’d like to discuss anything in this report please give my office a call.

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