Salient to Investors: Dariusz Kowalczyk at Credit Agricole CIB said the surprising Flash PMI rebound is a major relief to markets after numerous signs suggesting further downward pressure on manufacturing and should put upward pressure on Asian currencies and rates. Qu Hongbin at HSBC said overall the data still point
READ MORE... →Salient to Investors: JC O’Hara at FBN Securities said the spread between the Russell and S&P 500 is widening again and worrying traders who want to see small caps participate.” Jonathan Krinsky at MKM Partners sees a good chance of US equities declining modestly into early October, citing deteriorating breadth and seasonal weakness.
READ MORE... →Salient to Investors: Fareed Zakaria said the IMF says India and China were similar sized in the 1980s yet China has gone from 2% of global GDP to 16% in three decades. Zakaria said India is poor, has a young, vibrant population and an extraordinary private sector, but over-regulation strangles growth.
READ MORE... →Salient to Investors: The US Centers for Disease Control and Prevention said Ebola could spread to hundreds of thousands more people by the end of January, 2015, with a worst-case scenario at 550,000 or more infections assuming no additional aid or intervention by governments and relief agencies. UN envoy David
READ MORE... →Salient to Investors: Gender inequality in median earnings adjusted for inflation is still significant. In 2013, women earned 78 cents for every dollar that a man made versus 77 cents in 2012. Women are more likely to be impoverished than men, especially for women 65 and older. In 2013, 2
READ MORE... →Salient to Investors: Pew Charitable Trusts said: 82% of American Gen Xers – those born between 1965 and 1980 – with at least a bachelor’s degree earn more than their parents did, yet only 30% have greater wealth. 70% of Xers without a college education earn more than their parents
READ MORE... →Salient to Investors: Centaline said a wait-and-see attitude is still prevalent among homebuyers Donald Yu at Guotai Junan Securities said there is still room for prices to go down further as the policy easing only increased the number of people qualified to buy, not the number of those able to as mortgages remain
READ MORE... →Salient to Investors: The $1 trilli0n unregulated market for leveraged corporate loans – from $35 billion in 1997 – poses a growing threat of gridlock in a downturn when investors expect to get their money back. Beth MacLean at Pimco said one single retail fund unable to meet redemptions would have a
READ MORE... →Salient to Investors: UBS said it will take a deeper slowdown to spur an interest-rate cut and still expects growth to be below 7% in Q4. Wang Tao at UBS said the bias is toward more but relatively measured easing and growth will slow further in Q4 on further property construction weakness.
READ MORE... →Salient to Investors: The World Bank said: The economic impact of Ebola could grow eight-fold in Guinea, Liberia and Sierra Leone, but can be limited if it and public fear is contained by a fast global response. If Ebola continues to spread, billions of dollars could be drained from West African countries
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