golden year for precious metal
Demand for gold in value terms hit both an annual and final quarter record in 2012, while its average price during 2012 was 6% above its 2011 price.
Macro News
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Economic confidence results in Ucits surge
ECB action to save the euro, along with its progress in redressing imbalances in the region's economy resulted in strong demand for Ucits funds in 2012, according to a report by the European Fund and Asset Management Association (EFAMA).
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Pound falls following BofE announcement
A less than rosy economic forecast by the Bank of England caused the pound to fall to a six-month low against the dollar and to one of its lowest levels against the euro for 15 months on Wednesday.
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fixed income managers forsee deep euro
Some of Europe’s economic woes are set to worsen in 2013, according to fixed income fund managers surveyed by Standard and Poors Capital IQ Fund Research.
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q4 gdp figs triple dip or simply a blip
The UK’s negative Q4 GDP results received a mixed response from asset management firms today, with some calling a triple-dip recession later this year while others said such interpretations were misleading.
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IMF and OECD agree that global growth is on the up
The IMF and OECD are both predicting a positive growth story for the global economy in 2013, slow and hesitant but positive.
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investment pros call ftse year end
Members of the CFA Society of the UK have predicted the FTSE 100 will close 2013 at 6093, in just one of a range of asset class views to be collated by the organisation.
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chinese economy rebounds
China’s economy grew by more than expected during the fourth quarter of 2012, boosting hopes of a nascent recovery in the country’s fortunes.
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uk to lose in shift of economic gravity says pwc
The UK will no longer be one of the world’s tenth largest economies in less than 40 years, according to estimates by PricewaterhouseCoopers (PwC).
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fitch warns on us debt ceiling delay
Fitch Ratings will consider downgrading the US’ AAA credit rating in the next few weeks if the country fails to raise its debt ceiling in a timely manner.
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in flation holds for third month
UK consumer prices inflation was unchanged for the third month in a row during December, the latest official figures show.
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japan to embark on 10trn stimulus effort
Japan’s new government has unveiled a ¥10.3trn (£72bn) stimulus package to spark a revival in the world’s third largest economy.
