Salient to Investors: Euro-area manufacturing output shrank at the fastest pace in three years in June. Chinese output gauge indicated contraction. Japan reported its first trade deficit with the EU since it began tracking data in 1979. Howard Archer at IHS Global Insight said the EU is dealing with serious tightening of fiscal policy
READ MORE... →Salient to Investors: Four-week moving average increased to the highest since the week ended Dec. 3. The level of dismissals may raise concern the slowdown in payrolls will be prolonged, limiting consumer spending. Ryan Wang at HSBC Securities USA says momentum is slowing, companies have curtailed demand for labor, meaning less income growth, a restraint on
READ MORE... →Salient to Investors: The creator of the $125 billion market in exchange-traded gold is struggling to establish the same for industrial metals. Consumers are concerned the new products will cause shortages of industrial materials, and the U.S. Commodity Futures Trading Commission is trying to limit speculation. Deborah Fuhr at ETFGI said other commodities tend not to be
READ MORE... →Salient to Investors: fixed income payday loans China is to cut the minimum requirement on assets under management to $500 million from $5 billion for foreign institutional investors looking to buy publicly traded securities in mainland exchanges and invest in the interbank bond market. Foreign investors will now be required to have at least
READ MORE... →Salient to Investors: Oil tumbled below $80 a barrel for the first time in eight months. U.S. stockpiles at the most in almost 22 years. OPEC crude supplies at the highest level since October 2008. Saudi Arabia pumped crude at the fastest pace in at least 23 years. Predictions: Eugen Weinberg at
READ MORE... →Predictions: Esther Law at Societe Generale said the Fed did the bare minimum extending operation twist, which will be perceived as short-term negative for risky assets, including global emerging markets. Law said China’s manufacturing sector, especially small and medium-sized factories, continued to slip. JPMorgan raised Indian equities to overweight from neutral. Read the
READ MORE... →Predictions: pavement Stefan Angele at Swiss & Global Asset Management says uncertainty about Europe and the slowdown in China remains – the extension of Operation Twist was largely symbolic and will have no significant effect on either economic growth or the markets. Read the full article at http://www.bloomberg.com/news/2012-06-21/asian-stocks-gain-after-fed-extends-stimulus-as-oil-euro-drop.html
READ MORE... →Prediction: Goldman Sachs finds attractive the healthcare straddle options (XLV) ahead of the Supreme Court decision on Healthcare Reform expected before the end of the month. Watch the full article at http://www.bloomberg.com/video/95019835-goldman-sachs-says-buy-healthcare-options.html
READ MORE... →Salient to Investors: Henry Paulson at the University of Chicago said Europe will drag on but eventually stabilize and avoid catastrophe. Europeans are committed to monetary union, but isn’t sustainable without some political union. Paulson said government policies is more to blame than banks because it encourages people to save too little and borrow too much. The root causes
READ MORE... →Predictions: RBS said it may take years before Europe finds a solution to the debt crisis as their economies struggle to implement reforms, though the euro will survive. RBS says any amount of recapitalization of banks, if the country itself is not on the right track, is a waste of time. Read the
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