china gdp growth 7 per cent
China's GDP continues to grow but its level of growth dropped for the second consecutive quarter as Premier Li Keqiang's policies to rein in his country's credit boom start to kick in.
Macro News
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Investor sentiment a tale of two sides
Investor optimism has improved over the past six months and UK and international shares in particular have become more attractive investment prospects.
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uks growth expectations given boost
The UK services sector reported its sharpest rise in activity for more than two years month-on-month in June, with the purchase managers’ index reading of 56.9 way ahead of the crucial 50 mark which indicates the sector is in expansion.
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Hungry shoppers boost retail sales in May
Retail sales were up significantly in May, driven in large part by a 3.5% rise in supermarket food sales according to Office of National Statistics (ONS) data.
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Markets take a hit on QE announcement
Markets dropped following Ben Bernanke’s announcement the Fed could start tapering QE before the end of the year, with a view to bringing it to an end mid-2014 should economic conditions remain viable.
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Investors ditch emerging markets
Optimism in the eurozone improved significantly over the past month as 45% of investors stated they expected the economy to strengthen over the coming year, compared to 24% in May.
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mobius corporate governance terrible
Franklin Templeton’s emerging markets guru Mark Mobius claims corporate governance standards could be improved upon across the globe, signalling he did not mean to single out Russia at a recent conference hosted by Sberbank in Moscow.
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argonauts norris gold fair 240
Gold provides investors with the opposite of what they seek in holding it high risk and low reward and the market consensus that precious metals have only experienced a technical setback should be viewed with caution, according to Argonaut’s CIO Barry Norris.
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ems hammered as correlation bites
Emerging market assets experienced a sharp sell off overnight, with currencies, stocks and bonds all hit by fears of an end to easy money through central banks' tapering.
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uk firms hit by 30percent profit plunge
The profits of FTSE 350-listed companies fell by a headline rate of 29.7% in 2012, down £48.4bn from the year before to £114.5bn, while earnings rose at their slowest pace for at least five years.
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Floating exchange rate key
Axa Investment Managers says a floating renminbi is key in China achieving long-term sustainable growth and expects greater flexibility for the currency in the next six months.
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Mobius state stay out of EM corps
Franklin Templeton's Mark Mobius is most fearful of state intervention into emerging market corporates as we approach the mid-point of 2013.