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November 2012 Market Watch

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• Most equities markets posted positive gains in November.

• US housing market data continued to show improvement.

• In Europe a third Greek government debt deal was agreed to.

• In Australia, the Reserve Bank of Australia left interest rates on hold at 3.25% in November in a surprise move.  However on 4 December the Bank eased monetary policy by cutting the official interest rate to 3.0%, back down to its post-GFC low.

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