Market Update March 2012
Starting off in Europe, the sovereign debt issues with Greece have unfortunately re-emerged again. While a deal was agreed at the last minute to help Greece avoid defaulting on loan, it’s hard to say how long this situation will last.
The latest data from the US was mixed. While retail sales and small business sentiment for January was below expectations, jobless claims for the month were at their lowest levels in around four years, which may indicate falling unemployment.
Back on the home front, the unemployment rate fell to 5.1%, retail trade data rose in January and the RBA kept interest rates at 4.25%.
As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.
If you’d like to discuss anything in this report please give my office a call.