Market Watch - review of November 2011
15 Dec 2011
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ipac money mentors
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Market Watch is a monthly publication on the investment themes that influence returns from well diversified portfolios like ipac’s.
In this edition, the key themes story gives further insights on the economic and political situation in Europe. While there remain difficulties in Europe, November saw the more financially stressed countries undergo government changes. The changes have been encouraging.
Investors will also learn in this edition that November saw overall profit growth for corporates listed in the S&P 500 was up 18% year-on-year. The September quarter earnings season saw 70% of corporate in the S&P 500 beat expectations.
In Australia, September quarter gross operating profits rose 4.8%, above the forecasted 3.0%.
Click here to read more about the situation in Europe and improving corporate fundamental.