gold to reach 2000 in 2013 says bofa ml
Bank of America Merrill Lynch (BofA ML) expects gold to reach $2,000/oz during 2013 on the back of continued monetary easing.
Macro News
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cable uk triple dip is real worry
The UK is “clearly” at risk of being hit by a triple-dip recession and could be heading towards a Japanese-style "lost decade", business secretary Vince Cable claims.
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manufacturing drop suggests triple dip
UK manufacturing output dropped sharply during October, according to the latest data, heightening fears that the country is on the brink of a third recession.
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warnings sounded over uk aaa credit rating
The UK appears to be closer to being stripped of its coveted AAA credit rating after the Autumn Statement confirmed the scale of the challenges facing the country.
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growth will be insipid and fragile in 2013
Contractions in the eurozone and Japan, as well as weaker-than-expected performance by emerging markets, will hold back global growth this year and next, the latest research by Fitch Ratings predicts.
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gars is canada really a safe haven
The management team on the £13bn Standard Life Investments Global Absolute Return Strategies Fund (GARS) have questioned if Canada should be regarded as a safe haven.
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manufacturing improves contraction risk remains
Manufacturing activity improved in the UK last month although the economy is still at risk of contracting over the fourth quarter, the latest purchasing managers’ index (PMI) shows.
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China acceleration hope will be disappointed
Hope that China’s growth will start to reaccelerate through 2013 and into 2014 are likely to be disappointed, according to analysis by Capital Economics.
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threadneedle a greek exit is inevitable
There is still a strong argument for Greece leaving the eurozone despite the recent agreement to ease the country’s bailout terms, experts at Threadneedle argue.
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france is a very slow train wreck
Ignis Asset Management is underweight French government debt in its long-only global bond funds after chief market economist Stuart Thomson labelled the country "a very slow train wreck".
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barings mandg warn against fiscal cliff fixation
Investors should not allow the headlines surrounding the US fiscal cliff to overshadow positive news playing out in the country’s consumer sector and housing market, Barings Asset Management and M&G agree.
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greek bailout terms eased in new deal
The Eurogroup of eurozone finance ministers has eased the bailout terms applied to Greece in the latest move to safeguard the 17-nation currency bloc against breakup.