The Economic Update – September 2012

  • US – mixed signals as the housing sector showed signs of recovering and the industrial sector signs of weakening.
  • Europe – growth rate keeps falling even though industrial production rose.
  • China – further signs of slowing growth.
  • Australia – signs of a weakening labour market despite drop in unemployment rate.
  • Mixed performance on global equity markets.
  • Major focus on bond markets on announcement of central bank stimulus programs in US and Europe.

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