Salient to Investors: The global economy grew at the slowest pace since the 2009 recession. China reported the seventh straight quarter of slowing growth. Services and manufacturing in the 17-nation euro area last month contracted more than economists forecast. John Stephenson at First Asset Investment Mgmt said Europe is a complete
READ MORE... →Salient to Investors: IMF growth projections have been revised downward almost everywhere, especially in Europe and the big emerging markets like China. The IMF projects the US to the strongest of the rich economies over the next four years – 3 percent versus 1.2 percent in Germany and France and 2.3 percent in Canada. The
READ MORE... →Salient to Investors: Mercenary Trader writes: The routine intervention of the Central Banks, the Greenspan Put transitioning to the Bernanke Put, have underscored the “bad news is good news” phenomenon. Good news is good news because things are getting better. Mediocre news is good news because it means CBs keep rates near
READ MORE... →Salient to Investors: Guy Wolf at Marex Spectron Group said short-term the oil market is oversupplied as the Saudis flood the market at a seasonally weak demand period, but Brent crude will rise toward $125 this year as global growth picks up and the market tightens. Fatih Birol at the International Energy Agency said prices around $110 are possibly
READ MORE... →Salient to Investors: Bjarne Schieldrop at SEB says the market’s bearishness was lifted by stimulus euphoria but brought down by a very disappointing Empire State report. David Fransen at Vitol expects Brent to range between $100 and $120. Read the full article at http://www.bloomberg.com/news/2012-09-18/oil-declines-in-new-york-after-biggest-drop-in-two-months.html
READ MORE... →Salient to Investors: In a Bloomberg poll of 847 investors, analysts and traders: A quarter expect Chinese markets to be among the worst performers over the next year. 46 percent, the highest, say U.S markets offer among the best returns over the next year. 18 percent expect commodities to offer the highest
READ MORE... →Salient to Investors: Commodities beat equities, bonds and the dollar for a second consecutive month, the longest streak in more than a year, showing investors expect policy makers to succeed in stimulating growth. More than two-dozen nations cut market interest rates this year. China has slowed for six quarters. Bill O’Neill at Merrill
READ MORE... →Salient to Investors: Carsten Fritsch at Commerzbank said speculation of central bank intervention will support prices despite weak demand and abundant supplies – prices will stay above $90 in September Read the full article at http://www.bloomberg.com/news/2012-09-03/oil-rises-to-highest-in-one-week-on-stimulus-speculation.html
READ MORE... →Salient to Investors: Jason Schenker at Prestige Economics sees positive growth signals, says the trade number signals Q2 GDP will be revised higher. Guy Wolf at Marex Spectron said for the market all that matters is the prospect of central bank monetary stimulus, so soft growth data, without inflationary pressure, is a green light for central
READ MORE... →Salient to Investors: Michael Lynch at Strategic Energy & Economic Research said anything that points to economic growth boosts oil. John Kilduff at Again Capital said the unemployment-rate increase is legitimate and should induce the Fed to take action. If Syria blows up or the ECB announces a rescue of Spain then oil prices
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