Salient to Investors: Copper imports by China fell to the lowest level in 20 months. Louis Kuijs at Royal Bank of Scotland said data in the first two months of 2013 are distorted by the timing of the Chinese New Year holiday. Fang Junfeng at Shanghai Cifco Futures said the holiday is the main factor for
READ MORE... →Salient to Investors: Bank of America Merrill Lynch said curve flattening will persist. Wee-Khoon Chong at SocGen predicted the spread will narrow by another 30 basis points by the end of April, and sys the flattening yield curve reflects risks that a surge in bank lending in January could fan
READ MORE... →Salient to Investors: Jessada Sookdhis at CIMB-Principal Asset Mgmt said China is clearly recovering, especially in the property sector, while US data and Italian debt sales have bolstered sentiment in emerging markets. The MSCI Emerging Markets Index is at 10.5 times projected 12-month earnings versus 13.8 for the MSCI World Index. Martial
READ MORE... →Salient to Investors: HSBC’s Flash PMI shows China’s manufacturing is expanding at the slowest pace in 4 months. Zhang Zhiwei at Nomura said the report casts some shadow over China’s recovery. Qu Hongbin at HSBC said the recovery’s underlying strength is still intact, as indicated by expanding employment and pickup of credit growth. The median
READ MORE... →Salient to Investors: Adrian Mowat at JPMorgan said emerging-market stocks may enter a significant correction because fundamentals and technicals are weakening – investors should use options that protect against stock losses and sell equities that are most sensitive to market swings. Mowat sees no near-term changes to these conditions and expects emerging markets to
READ MORE... →Salient to Investors: Allan Yu at Metropolitan Bank & Trust said easing the US stimulus will siphon away some of the liquidity that fueled the rally in emerging stocks. Adrian Mowat et al at JPMorgan said fundamentals and technicals are weakening and emerging-market stocks may enter a more significant correction after underperforming
READ MORE... →Salient to Investors: Jim Rogers says: Central bank printing unlimited amounts of money is spreading even to Japan and Germany and Europe and has never been good for anyone. Printing money is artificial and ends eventually. Germany will have a lot of good news ahead so that Merkel can win
READ MORE... →Salient to Investors: Salman Niaz at Goldman Sachs Asset Mgmt said: Macau casino bonds will withstand any crackdown aimed at cleaning up the industry. Previous cooling and policy measures have generally been positive to the long-term health of the market, and the high free-cash flow generated by operators and limited leverage
READ MORE... →Salient to Investors: The Shanghai index is at 13.4 times reported earnings, the highest level since September 2011, and its 14-day relative strength index was at 69 yesterday, close to the Sell signal level above 70. Zhang Lei at Minsheng Securities cites speculation of more property tightening as home prices have not fallen. Xie
READ MORE... →Salient to Investors: The MSCI Emerging Markets Index 30-day volatility dropped to the lowest level since 1997 and is at 10.4 times estimated profit versus 13.8 times for the MSCI World Index. Jitra Amornthum at Finansia Syrus Securities said China’s economic recovery remains weak. Read the full article at http://www.bloomberg.com/news/2013-02-18/emerging-stocks-fall-most-in-week-on-korean-won-metal-prices.html Free email alerts of articles as
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