Newsletter
Newsletter
NEWSLETTER
February 2012
Financial markets have made a good start to 2012, as predicted in my January Newsletter.
Recent Manufacturing data across the world (with the exception of the peripherals in Europe) remain strong. This signals a good recovery in the first quarter of this year. This should lower the chance of a double dip recession here in the UK.
As I write this Newsletter on the 3rd February 2012, the markets have had a surge, as United States unemployment hits a 3 year low, with 243,000 jobs being created during the month of January. This figure was much better than expected.
With regard to Europe, last months European Central Banks (ECB) long term refinance operation was successful, giving a lift to the markets.
A new auction is due from the ECB on 29th February 2012, the previous auction saw Eur 489 billion of loans given out, there is every possibility we could see more than Eur 1 trillion come in this next event.
All the above factors point to further positive moves in Global Markets.
The contents of this Newsletter are my own opinions, do not constitute individual advice and should not be taken as a recommendation to sell to cash or invest in the areas mentioned. If you require specific independent advice please let me know.