The Economic Update – February 2012

The outlook for world sharemarkets have been enhanced by improved outcomes relating to the Greek finance package, improving economic signals emanating from the United States and growth in developing countries. While a number of risks may still yet bubble to the surface, increased investor confidence provided a positive boost to the prospect of growth orientated assets. Despite these positives, bond yields have stayed at unusually low levels and the Australian sharemarket has been somewhat immune from the global rally despite the local economic outlook remaining relatively solid when c…