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Desktop Broker > Market Connection 8th September , 2011

News that the German Constitutional Court ruled that Germany could participate in a euro-wide bailout system helped global markets last night. In the last few days investors had been growing increasingly concerned over Germany’s position towards bailouts. There were also some positive comments from the US Federal Reserve mentioning that the US was in better shape than depicted by many other recent indicators. Looking ahead, President Obama is due to give a key speech tonight in which he is due to announce new efforts to boost the economy.

Local investors will be watching the jobs data release closely today. The median view of economists is for 12,000 jobs added to economy over the last month.

Yesterday we saw the release of GDP data that came in well ahead of expectation at 1.4% annual growth (expectation was 0.7%) and, combined with positive overnight market movements, should result in a buoyant market today.

Click to read Daily Market Report 8 9 2011

Term Deposit Rates> 8th September, 2011

Term Deposit Rates available to e-Clipse UMA clients are shown in the attachment.

Click to read e-Clipse Term Deposit Ratesheet 8 9 2011

Fortnum Launches a UMA> Press Release 8th September, 2011

Fortnum Financial Advisers has launched its UMA service with a protected investment solution.

Click to read UMA launch Press Release

Asset Magazine> UMA Article August, 2011

e-Clipse throws light on super UMA plans.

Click to read Asset magazine re Fortnum UMA