Market Update March 2013
Global markets returned mixed results last month. While most economies continued to show signs of recovery, the Eurozone showed little in the way of an upward turnaround.
In the US, GDP fell by a small margin, however growth in housing, consumer consumption and business all suggested the economy is continuing its slow recovery.
In domestic news, business confidence remained stable while the RBA kept the cash rate at 3.00%. Business conditions also improved, particularly across interest sensitive industries.
As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.