Tues 26th April

Some improvements in business confidence and equity markets over the last few weeks

Since early Feb our domestic market is up 11% reflecting similar trends overseas

Iron Ore has increased from $40 per ton late last year to $70 currently reflecting some improvements in demand from China

If this can be sustained this will improve the Terms of Trade and possibly improve the Budget Deficit through better profits in the Resources Sector

With the Federal Budget coming up nest week and concerns about possible changes to Super we suggest making discretionary contributions over the next few days

With an expected Federal election on 2nd July we have a long campaign ahead of us

Generally markets are cautious until an outcome becomes clear

Good Investing !


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