A Hopeful Investor Mood

March 14, 2013

European equities rose to their best levels since June 2008, emboldened ahead of a two-day summit of EU leaders in Brussels and by evidence of U.S. economic resilience in the face of fiscal spending cuts. There have been a slew of central bank interest rate announcements. The Reserve Bank of New Zealand retained a record […] More

Chinese Equities Hammered

March 4, 2013

Stocks in China fell 4.6% following the announcement late Friday of new property market curbs there.  Share prices also dropped by 1.5% in Australian and Hong Kong, 1.2% in Taiwan, 1.0% in Indonesia, 0.9% in Singapore and 0.7% in South Korea.  The official CFLP non-manufacturing purchasing managers index weakened to a 5-month low of 54.5 […] More

Calm before U.S. Sequestration

February 28, 2013

It doesn’t look like the sequestration, across-the-board U.S. federal spending cuts, will be averted. But equities are doing well, with overnight gains of 3.0% in China, 2.0% in Hong Kong, 2.7% in Japan, 1.7% in Indonesia, 1.6% in the Philippines, and 1.3% in Australia.  In Europe, the Dax and Spanish Ibex are 0.8% higher.  The […] More