Welcome to the January edition of the monthly Market Update.

Global equity markets corrected in December although Australia was up strongly and outperformed other markets.

In the US economic data has been mixed, but overall the economy remains in recovery mode, whilst in Europe new orders and new export business improved.

China is experiencing a sliding share market and a declining currency.

Back home the Reserve Bank of Australia (RBA) will not meet until February and expectations remain that they will retain the current cash rate at 2%. The Australian economy continues to improve across the non-mining sector.

If you have any questions regarding this report please contact me directly.

 

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GWM Adviser Services Limited ABN 96 002 071 749 trading as Garvan Financial Planning, registered office 105 – 153 Miller Street North Sydney NSW 2060, is an Australian Financial Services Licensee and member of the National Australia Bank group of companies.  From time to time Garvan Financial Planning, members of the National Australia Bank group of companies, associated employees or agents may have an interest in or receive pecuniary and non-pecuniary benefits from the financial products and services mentioned herein.