Global Investing

from MacroScope:

Central bank balance sheets: Battle of the bulge

April 12, 2012

Central banks across the industrialized world responded aggressively to the global financial crisis that began in mid-2007 and in many ways remains with us today. Now, faced with sluggish recoveries, policymakers are reticent to embark on further unconventional monetary easing, fearing both internal criticism and political blowback. They are being forced to rely more on verbal guidance than actual stimulus to prevent markets from pricing in higher rates.

Three snapshots for Wednesday

April 4, 2012

Markets starting to worry about an end to QE/LTRO liquidity?

 

Forward looking PMI data is starting to show a divergence between the UK and the euro zone:

Three snapshots for Monday

April 2, 2012

ISM report on U.S. manufacturing shows PMI at 53.4 in March against 52.4 in February:

Three snapshots for Friday

March 30, 2012

The correlation between individual country equity indices is rising again:

U.S. consumer spending jumps in February but income growth tepid.

Apple vs. RIM market value:

Three snapshots for Monday

March 26, 2012

Is China heading for a hard or soft landing? One chart to keep an eye on is the relative performance of materials equities, the long run of outperformance since 2000 looks like it might be rolling over.

Three snapshots for Friday

March 23, 2012

Yesterday’s much worse than expected PMI data from the euro zone has pushed the Citigroup economic surprise index for the region below zero.

Three snapshots for Thursday

March 22, 2012

The euro zone’s economy took an unexpected turn for the worse in March, hit by a sharp fall in French and German factory activity. The manufacturing purchasing managers indexes for France and Germany were both worse than even the most pessimistic expectations from economists polled by Reuters.

Three snapshots for Wednesday

March 21, 2012

Saudi Arabia has repeated publicly it would prime its pumps to meet any shortfall in exports from fellow OPEC member Iran, this chart shows their production since 1980:

Three snapshots for Tuesday

March 20, 2012

U.S. February housing starts fall slightly to a 698,000 annual rate:

UK inflation edged down to 3.4% in February:

Spanish banks’ bad loans highest since August 1994

Three snapshots for Monday

March 19, 2012

The NAHB U.S. homebuilder sentiment index held at 28, below economists’ expectations for 30.