This edition of DelphiNews includes the October Market Update for 2011 together with Economic Updates and an article on Emerging Markets.

Market Update looks at the developments with the European debt issues and the fiscal measures being implemented in the US to help their economy..

This includes the US Federal Reserve (FED) announcing “Operation Twist” and President Obama’s plan – the American Jobs Act.

Other key points from this edition include:

Manufacturing sector growth in China continues
Australia’s outlook weaker than a few months ago, and
The RBA leaves the cash rate unchanged yet again.

Similar to what we’ve seen recently, markets continue to remain uncertain in the short term, so remember to remain focused on your long-term goals.

Please contact me if you have any questions regarding this information or your investment portfolio.

If you would like to provide some feedback please contact us.

Regards

Vince Dore

Director

Vince Dore and Delphi Financial Management Pty. Ltd are Authorised Representatives of GWM Adviser Services Limited ABN 96 002 071 749, trading as Garvan Financial Planning/MLC Financial Planning an Australian Financial Services Licensee, Registered office at 105 –153 Miller St North Sydney NSW 2060 and a member of the National Australia group of companies.

This advice may not be suitable to you because it contains general advice that has not been tailored to your personal circumstances. Please seek personal financial and tax and/or legal advice prior to acting on this information. The material contained in this newsletter is based on information received in good faith from sources within the market, and on our understanding of legislation and Government press releases at the date of publication, which are believed to be reliable and accurate. Opinions constitute our judgement at the time of issue and are subject to change. Neither, the Licensee or any of the National Australia group of companies, nor their employees or directors give any warranty of accuracy, nor accept any responsibility for errors or omissions in this email.

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