Markets Friday proved to be a good day for the markets, with two sets of data encouraging an increase in stock prices – rise in German exports and the fall in US unemployment rate. The... Read MoreRead More
Markets Broadly positive corporate earnings boosted Asian equities last week and the weak US GDP report (i) marginally damped enthusiasm for stocks, (ii) led the dollar to its lowest for the year and (iii) caused... Read MoreRead More
Markets Broadly positive corporate earnings reports, signs of stabilization in the US housing and labor markets and positive economic reports from the emerging markets added to the bullish mood in equity markets last week. All... Read MoreRead More
Markets Global stock markets continued to rally in the second half of this month after broadly positive corporate earnings reports dominated the scene: of 107 companies in the S&P500, 78% are now beating earnings expectations;... Read MoreRead More
Markets Last week market sentiment was up, rallying after positive earnings news from US corporates (Goldman Sachs and Intel registering major upside surprises) and global recovery hopes from Chinese growth. Regional markets turned bullish on... Read MoreRead More
Markets After the euphoria of the second quarter investors are focusing on labor indicators and discount good news on those sectors (e.g., industry) which are improving. There is a general sense that stocks valuations are... Read MoreRead More
Markets Global financial markets completed a second quarter that showed changes wholly consistent with an upturn in the global cycle: the S&P rose 22%, the MSCI EM index was up 51%. U.S. 10-year yields rose... Read MoreRead More
Global Developments USA: A mixed picture emerges from last week’s data: these indicate that the US economy is stabilising. May retail sales rose 0.5% month-on-month, but mainly as a result of the rise in gasoline... Read MoreRead More
Global Developments IMF’ has forecast US$4.1 trillion in losses ($3.1 trillion in the US) from the financial crisis in the banking sector worldwide, and in its new World Economic Outlook downgraded world growth to -2.5%... Read MoreRead More
Global Developments US Retail Sales in March fell by 1.1% and ex auto by 0.9%, on the month versus expectations of a slight increase. This figure pours water on the optimistic sentiment that was taking... Read MoreRead More
