Salient to Investors: Carla Ann Harris at Morgan Stanley said people have been hiring for a few quarters and caution with respect to payrolls is starting to evaporate, so expect a faster pace towards growth. Ryan Larson at RBC Global Asset Mgmt (US) said the question is whether the employment numbers were
READ MORE... →Salient to Investors: Espen Furnes at Storebrand Asset Mgmt said the US payrolls number is significantly better than expected, implying growth is strong, giving good support to rising equity markets and increasing optimism for 2013 and beyond. Read the full article at http://www.bloomberg.com/news/2013-03-08/european-stock-futures-climb-before-u-s-payrolls-report.html Free email alerts of articles as soon as they
READ MORE... →Salient to Investors: The FTSE 100 is at 11.9 times estimated earnings versus an average of 11.3 over the past 7 years. Bob Parker at Credit Suisse Asset Mgmt said equities are the most attractive asset class by default, valuations are still reasonably cheap, and Germany, America and Japan are
READ MORE... →Salient to Investors: Robert Lutts at Cabot Money Mgmt the underlying support for the labor market is driven by housing and potentially construction finally returning. Lutts said QE and lower interest rates are finally having an impact as signalled by the stock market. Troy Logan at Warren Financial Service said employment has stabilized – key is
READ MORE... →Salient to Investors: Liu Guangming at Dongxing Securities said investors may have expectations for some reforms after the NPC, and the economy is quite stable, at least in half1. Ting Lu at Bank of America said the surge in forex purchases is due largely to a pent-up demand for renminbi with
READ MORE... →Salient to Investors: Prashant Jain at at HDFC Asset Mgmt sees value in India’s biggest lenders on prospects of fewer bad loans that have made them Asia’s worst-performing bank stocks in the past year. Banks account for 29 percent of his HDFC Top 200 Fund. Jain said the worst of
READ MORE... →Salient to Investors: Bespoke Investment and Bloomberg say short sales in the S&P Composite 1500 Index fell in February to the lowest in recorded data back to 2007 – the last time at this level saw the Index lose 3.3 percent over the next three months. Bulls say the capitulation by
READ MORE... →Salient to Investors: Kim Dae Young at KB Asset Mgmt said concerns about China’s recovery are prompting investors to take profits. The MSCI emerging-markets index is at 10.2 times projected 12-month earnings versus 13.2 times for the MSCI World. Benoit Anne at Societe Generale said there are more bears than bulls for the first time
READ MORE... →Salient to Investors: Ivo Weinoehrl at DWS Investments said the macro economic picture has improved a little, but no reason to get excited. Weinoehrl said sequestration will cut a half percent off growth in 2013, so the equity market is fully valued – the debt ceiling will be a much
READ MORE... →Salient to Investors: Adam Posen said given the jump in Japanese stocks and slide in the yen in anticipation of greater stimulus, any failure to move in April risks disappointing investors. Masaaki Kanno at JPMorgan Chase said the party has just started, and predicts the BOJ’s open-ended bond purchases will be
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