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Global Markets Are Stabilising

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Perpetual's Global Market snapshot – June 2009

  • Global shares, as measured by the MSCI World (ex Australia) Net Return Index, declined 16.2% in 2008/2009 in Australian dollar terms. After hitting a low for the year in early March 2009, global markets rallied strongly on the belief that government intervention had restored stability to the financial system and that the global recession might not be as deep and protracted as feared.
Last Updated on Thursday, 03 September 2009 11:50 Read more...
 

Nab Buys Aviva

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National Australia Bank has agreed to purchase Aviva Australia Holdings’ wealth management business including its life insurance operations and investment platform, Navigator, for $825 million. For investors who currently utilise the Aviva Navigator platform, we expect business to continue as usual. We will keep you informed and on top of any changes that may occur as a result of this acquisition.

The following information is part of NAB's ASX announcement informing the market of the deal.
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Market Outlook

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Economic Outlook

The global economy will continue to face challenges in the coming months. The path to economic recovery looks to be stretched and continues to be clouded by many hurdles. However, leading indicators of economic activity have started to improve and there is more evidence to suggest the pace of contraction has further eased. Nevertheless, the market should remain cautious of the many potential pitfalls ahead.
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HLBFinplan Relocation

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HLBFinplan are relocating offices today, as of Monday 1st June 2009 their contact details will have changed. Please see HLBFinplan's new contact details here
 


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Indices

 ^AORD^DJI
Date 6/9/20103/9/2010
Trade 4,615.7010,447.93
Change 0.00127.83
% Chg 0.00%1.24%
Intraday 
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