Colin Evans and Neil Gubbins

St Jame’s Place  Wealth Management

Please find attached Monday’s Market Bulletin - this week’s Bulletin contains the following points:

• Stock markets globally continued their upward trajectory, registering further gains despite mixed economic news
• Unemployment figures on both sides of the Atlantic continue to disappoint with another 85,000 jobs lost in the US last month – contrary to hopes of a small increase
• Policymakers in the US are worried that any withdrawal of support for the housing market could hit confidence and create a setback
• Here in the UK our own housing market continues to pick up along with the all-important services sector whilst the construction sector continues to struggle
• Neil Woodford of Invesco Perpetual caused a stir when he said the UK’s AAA credit rating was under threat unless government addressed the country’s unprecedented levels of debt
• The main point of Neil’s talk on Friday though was to explain why, after a difficult 2009, he remains optimistic looking ahead

www.sjpp.co.uk/neilgubbins

Neil Gubbins  ST. JAMES’S PLACE  WEALTH MANAGEMENT

11 Hamilton Place, Mayfair, London W1J 7DAT: 020 7495 1771 – M: 07739 263334

To Contact Colin please email colin.evans@sjpp.co.uk