Michael Lannon
Founder, 2020 DIRECTINVEST |
With the focus on Europe and its debt problems it is easy to overlook the rest of the world. October was one of the strongest months in stock market history with the DJIA up 9.5% and the S&P/ASX 200 rising 7.25%. Signals by China and India that they were moving away from their restrictive stance on monetary policy were received positively. China’s reported GDP growth, whilst slower, is still a very healthy 9.1%. The US also reported stronger growth of 2.5% in the third quarter with unemployment easing to 9.0%.
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