uk inflation and growth forecasts both fall
In a great day for TLAs, CPI, RPI and the IMF’s forecast for UK GDP have all dropped dramatically.
Macro News
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china gdp growth falls for sixth quarter
Chinese GDP growth slowed to 7.6% year-on-year in Q2, down from 8.1% in the previous three months, representing the country’s sixth consecutive quarter of slowing economic growth.
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Equities to outperform
Although conditions have gotten tougher as the year has progressed, equities should still outperform in 2012, according to BlackRocks senior advisor Bob Doll.
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dont underweight uncle sam in a debt crisis
The global debt crisis is impossible to cure with more debt, while treatment through default and the printing of more money would be poison for bond and equity holders, says Pimcos Bill Gross.
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Fed chooses Twist above QE
The Federal Reserve has extended Operation Twist and is to spend a further $267bn on long-dated securities by the end of the year.
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banks target for Osborne and King
George Osborne and Mervyn King both took on the banks in their Mansion House speeches last night, with King unveiling £80bn in new loans available while Osborne offered taxpayers further protection against any future bank bailout.
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sceptics warn spanish credit-line
Markets rallied this morning on news of a 100bn (£81bn) eurogroup-backed bailout for Spain, announced over the weekend. But sceptics were already scoffing at what was seen as a short-term boon given continued underlying weaknesses.
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investment consensus positive on china
The first cut to the Chinese one-year benchmark lending and deposit rates since December 2008 has provoked a largely positive response from investment commentators, who reasoned that it signifies the authorities are serious about supporting the economy.
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ignore the 20 reasons tripping
The Bric countries are trading at an average discount of 30%, making now a good time to accumulate positions in the countries, according to HSBC Asset Management.
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equity managers stuck europe markets redemptions
Research from S&P Capital IQ shows European equity managers increasing their fund concentration as markets tumble and redemptions rise.
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euro survival in question as spains banks
Rating agency Moody’s downgraded the debt of 16 Spanish banks last night as it questioned the government’s ability to support its lenders in the face of its own escalating borrowing costs.
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china decoupled but with vested
The Chinese are concerned about problems in the eurozone because if the region experiences a severe recession local authorities in China will have to take aggressive steps to inflate their own economy, a senior S&P economist has said.
