Markets rise on merest hint of European plan
European stock markets rose this morning on some news that not much had been agreed at the weekend’s summit in Brussels so imagine how markets could react when there is a full-blown plan in place.
Macro News
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high yield bond funds post record inflows
High yield bond funds saw their biggest weekly inflow on record last week as investor confidence received a boost and risk was put back on the table.
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nine in ten fund managers expect greece to default
More than 90% of fund managers say Greek default is now unavoidable, while seven in ten expect it to come before April next year, according to BofA Merrill Lynch’s October survey of fund managers.
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china consensus still positive
China’s third quarter GDP figure is not a real cause for concern and investors should be on the look out for signs to increase exposure to the region, according to Tony Yousefian, Investment Director at OPM Fund Management among others.
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us not emerging markets
A slowdown in corporate growth could put the kibosh on any continuing economic growth in emerging markets.
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investors seek buying opportunities amid market volatility
Investor confidence still has some way to fall before it hits the 2008 lows, with many planning to increase their stock market exposure over the next few months, according to the AIC.
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osborne on the road to failure
Chancellor George Osborne will miss his borrowing targets regardless of whether he continues his austerity drive or not.
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mandelson: eurozone needs surveillance with bite
The eurozone needs to adopt a hard-line of invasive centralised control, or surveillance with bite, according to former EU Trade Commissioner Lord Mandelson.
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higher tier one ratio puts only a sticking plaster on euro crisis
The European Banking Authority has proposed a 9% capital threshold for the region’s banks, but this alone is not enough to avert a euro-banking crisis.
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q4 equity recovery far from certain
Political incompetence will continue to inhibit investor confidence and keep equity markets subdued in Q4, making a re-entry point hard to identify.
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pa analysis positive news for markets comes with a long term view
Even the most positive outlook for equity valuations is that they are fair rather than undervalued and that risk assets are still a long not a short-term play.
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crispin odey us banks are beautiful
The star hedge fund manager says now is the time to brave equity markets and puts his money on US banks to lead the recovery.
