Salient to Investors: Foreigners bought $292.1 million more of Indian stocks than they sold last week, the most since the period ended March 15. Net inflows in 2013 are $10.6 billion, the second-largest amount among 10 Asian markets tracked by Bloomberg, behind Japan. James Thom at Aberdeen Asset Mgmt said India
READ MORE... →Salient to Investors: 16 of the 29 US states requiring utilities to buy renewable energy are considering paring back those mandates after a plunge in natural gas prices. Read the full article at http://www.bloomberg.com/news/2013-04-23/u-s-states-turn-against-renewable-energy-as-gas-plunges.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Michael Purves at Weeden said the markets are starting to process softening economic news and a correction. 72 percent of the 111 S&P 500 companies so far reporting have beaten earnings estimates. Thomas Nyheim at Christiana Trust said housing is showing modest improvement. William C. Dudley at
READ MORE... →Salient to Investors: Justin Smirk at Westpac Banking said China coming in below expectations is adding to the downside risks in commodities, while Europe is performing badly and the US is not looking great. Read the full article at http://www.bloomberg.com/news/2013-04-23/copper-oil-lead-commodity-decline-as-china-manufacturing-slows.html Click here to receive free and immediate email alerts of the latest
READ MORE... →Salient to Investors: Mark Mobius at Templeton Emerging Markets is holding and buying Macau gambling stocks as Macau will gain from expanding family entertainment and become China’s premier destination for leisure and entertainment. Read the full article at http://www.bloomberg.com/news/2013-04-23/mobius-says-macau-casinos-to-expand-on-family-push.html Click here to receive free and immediate email alerts of the latest forecasts.
READ MORE... →Salient to Investors: Luck, not hard work, is overwhelmingly why the rich are rich and the poor are poor. Our peer average income is set by forces beyond our control and far more than by our own choices. The CBO says the top 20 percent get 50 percent of the national
READ MORE... →Salient to Investors: William C. Dudley at New York FRB said: European economic weakness and US budget woes mean more needs to be done to shore up the global economy and financial regulation. The US has too much fiscal restraint in the short-term, and too little consolidation in the long-term. The US economy
READ MORE... →Salient to Investors: The IMF says Britain’s failure to grow means it should ease its deficit-cutting plan. Bill Gross at Pimco said the UK and much of Europe are wrong to pursue fiscal austerity because it won’t deliver growth – a reversal of his 2010 view that the UK should tighten policy. Gross said that long-term
READ MORE... →Salient to Investors: American companies are the 5 biggest in the world for the first time since the end of 2004 – Exxon , Apple, Google, Berkshire Hathaway, and Wal-Mart . PetroChina, which was one of 3 Chinese stocks in the top 5 last year, has slipped to No. 6. 26 of the world’s
READ MORE... →Salient to Investors: Fareed Zakaria said: China and India consumers are taking advantage of the drop in prices to buy more gold. Gold bugs believe that central banks have been pumping money into the global economy for decades and that this will make money worthless. The total amount of gold
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