News
Oliver's Insights - The global economy looking a little less scary
The key points are:
> The last month or so has actually seen better news regarding the global economy - European Central Bank action appears to have reduced the risk of a banking crisis in Europe, US economic data has continued to surprise on the upside and Chinese economic data remains consistent with a soft landing.
> Downwards revisions to World Bank and International Monetary Fund forecasts and associated risks are just catching up to the market concerns of three or four months ago.
> While shares are at risk of a short-term correction and Europe remains a source of volatility, the improved global economic backdrop is a positive sign for shares and related growth trades going forward.
To access a copy of the report click here.
Oliver's Insights - 2012 and beyond....
2012 is likely to be a better year than 2011.
Key points are:
> Watch European bond yields, Chinese money supply growth and the US Institute for Supply Management (ISM) index.
> The emerging world remains in good shape.
> Even if the world does spiral into recession (which is unlikely), Australia will likely continue to grow.
> The A$ will remain strong on a medium-term basis.
> Medium-term returns are likely to remain constrained and volatile.
To access a copy of the report click here.
Dr Shane Oliver - should we be worried about 2012?
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