ThreeSixty Research Market Update - December 2013

I’m pleased to enclose the December 2013 edition of Market Update, see article below for full report.

Last month global manufacturing data continued to show signs of improvement, although Europe was a little mixed.

In the US, the focus was overwhelmingly on the Federal Reserve’s timing of its QE3 dial down. However the new Federal Reserve Chairperson elect, Janet Yellen, also expressed concerns over the continuing high levels of unemployment.

On the home front, the Reserve Bank of Australia (RBA) has indicated its desire to have a lower Australian dollar and if necessary will intervene in the currency. The RBA kept rates on hold at its last meeting of the year.

Kind regards,
Sharie

ThreeSixty Research Market Update - December 2013

Highlights:

  • Global economies continue to gain traction – expecting more synchronised global growth in 2014.

  • RBA remains on an easing bias - lower Interest rate environment in Australia set to continue through 2014.

  • Australian residential housing shows further upward momentum albeit at a more moderate rate.

  • Sydney residential housing auctions at record levels – but credit growth remains subdued.


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