Global Investing

Three snapshots for Thursday

May 3, 2012

The European Central Bank kept interest rates on hold on Thursday.  President Mario Draghi urged euro zone governments to agree a growth strategy to go hand in hand with fiscal discipline, but as thousands of Spaniards protested in the streets he gave no sign the bank would do more to address people’s fears about the economy

Three snapshots for Friday

April 20, 2012

Although the focus has been on Spanish debt auctions this week as this chart shows Italy has much further to go in meeting this year’s funding needs.

Three snapshots for Tuesday

April 17, 2012

Argentina’s debt insurance costs rose after the country moved to seize control of leading energy company YPF on Monday,  Madrid called the move on YPF, controlled by Spanish company Repsol, a hostile decision and vowed “clear and strong” measures, while the EU’s executive European Commission warned that an expropriation would send a very negative signal to investors. Of the countries in the MSCI Frontier equities universe Argentinian equities are the worst performer this year.

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 Thursday

March 29, 2012

OECD growth forecasts released today show the euro zone countries lagging behind other G7 countries:

Three snapshots for Wednesday

March 28, 2012

Spanish stocks jump out as the only only major equity market to miss out on the strong first quarter:

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 Tuesday

March 13, 2012

The German ZEW economic sentiment index for March smashed expectations, coming in at 22.3 against the Reuters poll of 10.0.  Over the last couple of years the German 10 year Bund yield has tended to track the ZEW, however this has broken down with yields staying below 2% despite the rebound in economic sentiment.