Salient to Investors: German factory orders fell for a second straight month and by the most since September 2011. Thomas Harjes at Barclays said today’s data are a catastrophe – the huge problem in the rest of the euro area seems to be reaching Germany and its labor market. Harjes said the economic outlook is gloomy for
READ MORE... →Salient to Investors: Lenders say leveraged loan volumes in Asia may drop in 2013 as Europe’s debt crisis and China’s slowdown limits mergers and acquisitions while private equity firms avoid selling businesses at discounted prices. Lyndon Hsu at HSBC said banks in the region have plenty of money to deploy and there’s a
READ MORE... →Salient to Investors: Credit Suisse said: Australians have a median wealth per adult of $193,653, the world’s highest. median worth The Asia-Pacific region topped Europe as the largest wealth-holding region Australia’s proportion of individuals with wealth above $100,000 is the most of any country and eight times the world average
READ MORE... →Salient to Investors: Markus Huber at ETX Capital said whenever China shares fall, German carmaker shares fall because China is one of the most important markets. The World Bank said growth in developing East Asia, which excludes Japan and India, will fall to 7.2 percent, the slowest pace since 2001, from 8.3 percent in
READ MORE... →Salient to Investors: William Pesek predicts the Asia-Pacific Economic Cooperation summit will end in disappointment. The paucity of accomplishments over the last two decades shows it to be too disparate economically, geographically and ideologically. Brunei, Chile, Russia, the U.S. and Vietnam share a widening income gap Read the full article at http://www.bloomberg.com/news/2012-09-03/cheesy-group-photos-symbolize-economic-paralysis.html
READ MORE... →Salient to Investors: Reports from three of Asia’s four largest economies signal the jump in commodity prices has not yet constrained the consideration of further monetary stimulus. Satoshi Osanai at Daiwa Institute of Research said inflation is not yet a major issue for Asian central bankers – Asia and emerging nations have more room to cut rates or ease.
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