Market Update May 2012
This month’s edition brings mixed reports from the major global economies.
The US economy continues to show improvement, with the latest GDP data showing an eleventh consecutive quarter of growth.
Europe’s financial and political challenges continued to be a key focus for investors. Furthermore, most European markets experienced losses during April, with most major indices closing well into negative territory
On the home front, the Federal Budget has been in the spotlight as the Labor government seeks to get the country back to surplus.
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.