Global Investing

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 Thursday

April 19, 2012

Initial claims for state unemployment benefits slipped 2,000 to a seasonally adjusted 386,000, the Labor Department said. The prior week’s figure was revised up to 388,000 from the previously reported 380,000.

from MacroScope:

Foreign investors still buying American

April 17, 2012

Overseas investors have yet to sour towards U.S. assets despite high government debt levels, according the latest figures on capital flows.

Three snapshots for Monday

April 16, 2012

Spanish 10-year bond yields hit 6%, around the levels seen in Ireland/Portugal and Italy/Spain at the start and resumption of ECB bond purchases.

Three snapshots for Thursday

April 12, 2012

U.S. jobless claims unexpectedly rose last week to their highest level since January:

Hard times for EM in QE-less world of higher US yields

April 4, 2012

Now that the Fed appears to have dashed any lingering hopes for an imminent QE3, what’s next for emerging markets? Most observers put this year’s stellar performance of emerging bonds, currencies and equities largely down to the various money-printing or cheap money operations in the developed world. That’s kept core government bond yields bumping along near record lows and benefited higher-yielding emerging assets.

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:

March world equity funk flattered by Wall St

April 2, 2012

It was all about the United States last month as far as equity markets were concerned. S&P’s world equity index may have ended the month with a small gain of just 0.3 percent but that was down to a 3 percent rise on  U.S. markets, data from the index provider shows. Strip out the U.S. contribution and it would have been a pretty poor month for world equities. Beyond Wall St, there was a decline of 1.7 percent and $285 billion lost in market value. Instead, the $418 billion added to U.S. market capitalization dragged the global aggregate up by $132 billion.

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 Tuesday

March 27, 2012

Is now the time to shift to equities vs. bonds? Goldman Sachs think so and traditional valuation measures such as the equity risk premium (chart) make bonds look expensive relative to equities when compared to the average over the last 20 years.