• Google+
Godfrey Pembroke
(03) 8610 1777 Get in touch
  • Home
  • About us
    • Our philosophy
    • Our team
    • About Godfrey Pembroke
    • How we work with you
  • Client experience
    • Active advice
    • Case studies
    • Financial services guide
    • Fee for advice
    • Trust and transparency
    • Our clients
  • Our specialisations
    • Wealth planning
    • Investment planning
    • Lending & debt management
    • Cashflow management
    • Portfolio structuring & tax management
    • SMSF’s & retirement planning
    • Business management
    • Estate planning & administration
    • Risk insurance
    • Aged care planning
  • Resources
  • News
  • Contact
Godfrey Pembroke Heading Image

April 2013 Market Update

11 April 2013 by Jeff McLachlan Leave a Comment

I’m pleased to provide the April 2013 edition of Market Update.

Last month global markets were dominated by the issues surrounding US spending cuts and the continued Eurozone debt woes. As can be expected the current turmoil in Cyprus, despite its relative insignificant contribution to GDP, is likely to impact to some degree the wider Eurozone recovery moving forward.

In the US, the Central Bank is continuing with its current monetary stimulus and this strategy remains at the forefront of the Federal Reserve’s agenda. The Fed’s agenda also focuses on improving the wealth effect on consumers by underpinning the housing recovery, working on job creation and lowering unemployment.

In domestic news, the RBA kept the official cash rate at 3% at the April meeting after strong employment data was recorded in February. The RBA will continue to monitor employment trends particularly closely in the coming months, and will make further decisions regarding an appropriate interest rate level leading into the second half of 2013.

As markets continue to remain uncertain in the short term, please remember to remain focused on your long-term goals.

If you’d like to discuss anything in this report please give my office a call.

 

 

 

Filed Under: News

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Contact Jeff McLachlan

Level 2
15 Queen Street
Melbourne VIC 3000

(03) 8610 1777

(03) 9620 7838

Click to email Jeff

About us

Jeff firmly believes that his primary role as a trusted financial adviser is to help clients ‘plan well’ and ‘invest well’ so they may ‘live well’. Jeff McLachlan Jeff completed a Bachelor of … Read more

  • Advice warning
  • Legal notice
  • Complaint resolution
  • Privacy
  • Sitemap

Copyright © 2022 Jeff McLachlan . Wordpress Website by The DMA

  • Google+

Jeff McLachlan Financial Planning Pty Ltd ACN 117 398 875 are authorised Representatives of Godfrey Pembroke Group Pty Ltd (Godfrey Pembroke), ABN 38 078 629 973, Australian Financial Services Licensee 245451, a member of the IOOF group of companies.

Godfrey Pembroke

Godfrey Pembroke