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: Neil Jones at Mizuho Corporate Bank said people are looking to buy the dollar against the most vulnerable currencies, currently the pound and yen. Jones cited much uncertainty about the U.K. economic outlook. Scott Thiel at BlackRock said it sold the Pound after the Bank of England left
READ MORE... →Salient to Investors: US buyout firms are playing an increasingly larger role in the U.K. housing market. US private-equity investors Wilbur Ross and J. Christopher Flowers are lining up to finance British homebuyers as the country’s biggest banks pull back. The Council of Mortgage Lenders says RBS, Lloyds Banking, Barclays, HSBC and Santander U.K.
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: Joseph Gagnon at the Peterson Institute for Intl Economics the jobs report was what proponents for QE were almost hoping for and consistent with sticking with QE for the whole year. Roberto Perli at the Intl Strategy & Investment Group said the job market has far to go before achieving the
READ MORE... →Salient to Investors: The dollar advanced to the highest level in 3 1/2 years versus the yen on speculation an improving labor market will compel the Fed to slow stimulus even as Japan pledges to extend easing. Sean Callow at Westpac Banking said the greater the momentum in the US economy, the sooner the Fed will taper off
READ MORE... →Salient to Investors: Hideo Shimomura at Mitsubishi UFJ Asset Mgmt said sentiment is improving because the Dow is setting records, curtailing demand for the haven of bonds. Kim Youngsung at Samsung Asset Mgmt said 2 percent is a critical level and may attract buyers. Hiromasa Nakamura at Mizuho Asset Mgmt is bullish
READ MORE... →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: Cities, counties and hospital districts in Texas raised 10 percent of their issuance using certificates of obligation which don’t need to go before voters, unlike GO bonds. The issuance faces tighter restrictions under bills in Texas, North Carolina and New York that would make it tougher to borrow without
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