Salient to Investors: Julian Callow at Barclays Capital said Europe won’t this time be able to bank on the Chinese recovery to lift its economy out of the quagmire because China is moving to consumption, away from investment, traditionally where Europe’s exporters would have benefited. Chris Williamson at Markit said today’s report suggests the downturn
READ MORE... →Salient to Investors: Kweku Adoboli, the former UBS trader jailed over losing $2.3 billion, said: Financial leaders such as Jamie Dimon, Bob Diamond and Yassine Bouhara all lost large amounts of money at some point in their careers. (Bloomberg couldn’t couldn’t confirm whether they had substantial losses earlier in their careers.) The more senior you are
READ MORE... →Salient to Investors: Christopher Palmer at Henderson Global Investors said for most investors China remains the main show. The MSCI Emerging Markets Index has risen 7.6 percent in 2012 versus a 9.1 percent gain in the MSCI World Index, and trades at 11.4 times estimated earnings versus 13.3 respectively. Read the full article at http://www.bloomberg.com/news/2012-11-22/emerging-stocks-rise-fourth-day-on-china-data-gaza-cease-fire.html
READ MORE... →Salient to Investors: Deng Wenyuan at Soochow Securities said the economy may only show real improvement from Q2 or Q3 2013. The Shanghai Composite trades at 9.6 times estimated profit for 2012 versus the 17.8 average since 2006. Hao Hong at Bank of Communications said stocks are due for a technical bounce but the
READ MORE... →Salient to Investors: William Pesek writes: Indonesian President Yudhoyono is emerging as a regional powerbroker, having exceeded just about everyone’s expectations, but has sometimes seemed content with the achievements of a half-finished agenda. The OECD praise for Southeast Asia emerging resilient from a period of global turmoil is really recognition of how far Indonesia
READ MORE... →Salient to Investors: Caroline Baum writes: Nominal GDP is a good proxy for the Fed’s dual mandate, encompassing both real output and inflation. All the coaxing in the world hasn’t convinced the business community, focused on fiscal policy, that now is a good time to invest and hire. Read the full article at
READ MORE... →Salient to Investors: Bill O’Neill at Merrill Lynch Wealth Mgmt said: He owns gold for diversification and catastrophe insurance, and expects prices to rise above $2,000 in 2013. Prospects for industrial metals are dim due to a lack of clarity on demand from China, their inventory levels. Global growth will improve slightly next year to 3.2
READ MORE... →Salient to Investors: London rents have risen more than 6 percent in the past year to a record despite employment in the financial-services industry at a 20-year low. Lender restricting mortgages to all but the most creditworthy customers has encouraged individual investors and companies to enter the rental market as central
READ MORE... →Salient to Investors: The Bloomberg Consumer Comfort Index indicates the share of households projecting the economy will improve rose to 37 percent in November, the highest since March 2002. Index manager Gary Langer at Langer Research Associates said the gain is largely political, occurring very disproportionately among Democrats – gains need to
READ MORE... →Salient to Investors: Pawel Swieboda at the Demos Europa Center for European Strategy writes: Prospects for survival of the euro area are looking up – logic dictates there will emerge a banking union, a new federal budget, and a joint commissioner to reconcile national budgets. The UK has started disassociating itself from the rest of
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