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.
Macro News
-
-
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.
-
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.
-
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.
-
uncertainty investors to outcome based solutions
The solid start to the first quarter this year has reminded investors that we saw the same in 2011 so they are now nervously looking for ways to navigate their way through the rest of the year.
-
disbelief over british double dip figures
The UK’s GDP shrank by 0.2% in the first quarter, according to figures from the Office for National Statistics, sending the economy back into a recession.
-
equity funds see huge sell off
Equity funds saw their largest redemptions in 2012 so far, as the risk-off sentiment returned amid uncertainty about global growth last week.
-
china at end of slowdown
Fears of a China hard landing are overblown, despite news the world’s second-largest economy grew at its slowest pace in three years in Q1, according Fidelity’s Trevor Greetham.
-
are oil consumers more vulnerable this year
The rise in oil prices this year is similar to the oil price hike of Q1 2011 – so will the end economic result be the same as well?
-
uk aaa in further doubt
The UK’s AAA rating has been put on negative watch by Fitch, which is the second of the ‘big three’ ratings agencies to put the top-notch credit score in doubt after Moody’s did so back in February.
-
greek bailout merely postpones its default
The Greek government may have agreed a deal over bondholders effectively writing off huge swathes of their debt but this is nowhere near the end of the country’s economic problems.
-
ecb pumps 530bn into banks
The European Central Bank pumped 529.5bn more into financial institutions in the form of three-year loans it was revealed today, as the second LTRO attracted more demand than its predecessor in December.