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Local equities closed flat yesterday and February’s PPI held no surprise, reports Nico Kelder, economist at the Efficient Group.
Consumption replaces investment.
A trading update from Alexander Forbes, reports that their earnings for the full financial year ending, 31 March 2004, are now expected to be materially* lower than those reported in the previous financial year.
One year on from the pre-Gulf War low, London stocks had a disappointing start to the weak on Wall Street weakness amid concerns over slower profit growth as new job creations fall short of expectations.
As an adviser reading this article, which discipline do you find most important for retirement planning?