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Spreading the word – Market Update by David Rogers.

Global – World stocks slipped on Friday as European shares halted a four day rally, while government bonds in Europe climbed, with investors bracing for U.S. jobs data that could reinforce concerns the world’s biggest economy is losing momentum.

Signs that Greece will miss its 2011 deficit target of 7.6percent underscored concerns about the euro zone debt crisis, prompting investors to lighten their risky assets.

Global - Global import and export growth rates slowed in the second quarter of 2011, signalling a faltering recovery worldwide, according to the Organisation for Economic Cooperation and Development (OECD).

Total imports of the G7 nations (Japan, France, Germany, Italy, the U.K., the U.S. and Canada) and the Bric countries (Brazil, Russia, India and China) increased by just 1.1% between April and June. This is a big drop from the 10.1% recorded in the previous quarter.

These countries also say exports grow by just 1.9percent compared with 7.7percent previously.

China and Brazil were the only two OECD members to register an increase in imports, while only China also experienced export growth.

Asia – In 2011 and 2012 it is expected that India and China together will contribute more than 40percent of global growth, according to a new report from Julius Baer.

The first Julius Baer Wealth Report to focus on Asia, was published on Wednesday, it provides an analysis of the High Net Worth Individuals (HNWI) in the Asia region.

In the report, Julius Baer said it expects the estimated 1.16 million HNWIs in Asia, with wealth of around USD5.6tn in 2010, to more than double to 2.82 million by 2015, with these individual’s wealth expected to triple to USD15.81m over the same period. China alone is forecast to have 1.4 million HNWIs with wealth of USD8.76tn by 2015.

However, Indonesia stands out as having the highest expected rate of growth for HNWIs over the five year period, with an expected increase of 25percent, bringing the total number of HNWIs to 99,000, with wealth of USD487m by 2015.

Spreading the Word – Market Update by David Rogers

Blacktower Financial Management (International) Ltd

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