Global Investing

from MacroScope:

The end of capitalism

November 23, 2009

Hard to imagine with financial markets still buoyant and newspapers full of tales of bonus greed, but there is still the possibility that captialism will end.  At least there is according to prestigious investment consultants Watson Wyatt in their latest study called "Extreme Risks".

from The Great Debate UK:

Is a bubble burbling in financial markets?

November 4, 2009

JaneFoley.JPG-Jane Foley is research director at Forex.com. The opinions expressed are her own.-

Global FTSE 100 shrugs off parochial UK GDP data

October 23, 2009

Britain’s FTSE 100 seems to be almost impervious to any bad data that can be thrown at it. GDP data shocked the market showing the UK unexpectedly contracted in the third quarter.

Hung, drawn and (second) quartered

July 2, 2009

By any standard the second quarter of 2009 was remarkable. Here are some numbers to chew over as the third quarter gets under way:   

Zeitgeist check

May 11, 2009

Some more bits and bobs to capture the current mood among investors:

– MSCI’s all-country world stock index has recaptured all of its 2009 losses and is now working on recouping last year’s. It is up 6 percent for this year.

Big Five

May 11, 2009

Five things to think about this week:

VALUATIONS
- The MSCI world stocks index has rebounded 37 percent since March, the VIX fear gauge has hit its lowest level since September 2008, and positive earnings surprises in Europe are marginally outstripping negative ones. But there are serious questions over the equity market’s ability to sustain its rise.

Market pressure will build diamonds

April 23, 2009
The financial deluge will bare real gems for investors flush with cash, but watch out for the rubbish, the super-rich have been told at a Geneva conference. The first round of quarterly results has brought some pleasant surprises, but investors should be cautious and cherry pick if they want to hit the jackpot, was the mantra.
“This is a once in a lifetime opportunity. But you have to pick the winners. You have to separate the diamonds from the tatt,” said Giles Worthington, head of European equities at investment fund M&G Investments.
This is more easily said than done, as many companies looking rock-bottom cheap may appear so just because they are on the verge of bankruptcy. And the bottom of the current downward cycle is not yet in sight.

 ”It’s not just because we had a year of correction that the next year will be positive,” said Ariel Sergio Goekmen, an economist and a director at Credit Suisse’s head office who looks after wealthy families’ investments. “The recession could be deeper than one expects. We have not yet seen the darkest side of the night.”

from MacroScope:

Springing back to life

April 22, 2009

The steady stream of less-bad-than-expected economic data has evidently been working as a builder of optimism. Confidence in improved economies and financlal market conditions is growing.

Bear market rally/Bull market beginning?

March 31, 2009

Another month and another Reuters asset allocation poll. This time saw investors in United States, Europe and Japan lifting their equity holdings and cutting back slightly on bonds.  Fits with what has been happening on global financial markets, where MSCI’s main world stock index is heading for its best month in at least six years.