Salient to Investors: John-Paul Smith at Deutsche Bank said stocks in the major developing markets will again lag global equities in 2013 – China has focused on increasing the pool of buyers for Chinese assets, rather than boosting the role of free markets and privately run companies in the broader economy. Smith prefers cash to BRIC
READ MORE... →Salient to Investors: Wai Ho Leong at Barclays says the Monetary Authority of Singapore faces stubborn inflation and sluggish growth and may continue a gradual appreciation stance, even in an environment of below-trend growth. Kit Wei Zheng at Citigroup said the hurdle for easing remains high, and inflation will stay elevated through Q1 and
READ MORE... →Salient to Investors: Hedge funds et al reduced net-long positions across 18 US futures and options last week to the lowest since June 19. Gold holdings reached a 4-month low, copper holding dropped for the first time in five weeks, and investors were the most bearish on natural gas since May. Walter Hellwig at BB&T
READ MORE... →Salient to Investors: The British pound advanced for the first time in 3 years against the dollar in 2012 and advance for the fourth year against the euro. The median analyst expects the pound to end 2013 at 79 pence per euro and at $1.60, and the 10-yr gilt yield to rise to 2.38
READ MORE... →Salient to Investors: Bill Gross at Pimco said: Stocks and bonds will return less than 5 percent in 2013 due to a sluggish economy as the effect of Fed stimulus diminishes Structural headwinds lower real GDP to below 2 percent in the US and other developed nations. Bernanke is not Rumpelstiltskin and can
READ MORE... →Salient to Investors: At the current pace, the US population will grow by 7.3 percent during the decade, the lowest level since the 1930s. William Frey at Brookings said mountain states in the West were among the fastest-growing places. Read the full article at http://www.bloomberg.com/news/2012-12-31/u-s-on-pace-for-slowest-decade-of-population-growth-since-1930s.html. Click here to receive free email alerts of articles as soon as they
READ MORE... →Salient to Investors: Ryan Sweet at Moody’s Analytics said businesses are worried but not panicked, and expects much stronger employment gains in half2 2013. Read the full article at http://www.bloomberg.com/news/2012-12-30/job-market-probably-held-gains-in-december-u-s-economy-preview.html Click here to receive free email alerts of articles as soon as they are posted.
READ MORE... →Salient to Investors: Indian policies to lure foreign investors are driving the nation’s largest money managers to buy automakers, property companies and metal producers that stand to benefit most from a recovery. Overseas investors bought a net $24.2 billion of Indian stocks in 2012, the most among 10 Asian markets excluding
READ MORE... →Salient to Investors: Just 3 of the Immortals’ 103 direct descendants and their spouses led or still run state-owned companies with combined assets of $1.6 trillion in 2011, the equivalent of more than a fifth of China’s GDP. At least 18 own or run entities linked to companies registered offshore, many
READ MORE... →Salient to Investors: US government securities have returned 2 percent in 2012 versus 17 percent for the MSCI All-Country World Index including reinvested dividends. Hiroki Shimazu at SMBC Nikko Securities expects investors to shift money from the bond market to the stock market in 2013 as the economy becomes much stronger. Economists expect 10-yr yields to rise
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