Eagle Eye Opener
Good Data Propels Europe; Home Sales Hit Five-Year High
Good Data Propels Europe (CNBC) Better-than-expected purchasing managers’ index (PMI) data for the euro zone led to further gains for European stocks and boosted the Euro to a one-month high. “Encouraging news,” said Howard Archer, an economist at IHS Global Insight. “With the euro zone purchasing managers surveys supportive to the view that the euro […]
World Shares near Five-Year Highs on Chinese Rail Action; ‘Suburban Flight’ — Time for Investors to Move on from Housing; Hilton Turning on the Lights in Dark Continent
China is looking into governmental funding of railroad build-outs to help offset the glut of resources needed for infrastructure projects.
Consumers Spending like U.S. Economy’s Recovering Nicely; Detroit is Not Alone in Dire Straits; Japanese Vote to Push Ahead with Economic Reforms
Investors hear a different opinion each week as to whether the U.S. economy actually is recovering, or merely being propped up by the Fed’s stimulus and interest rate programs.
Chinese Debt to Stumble After 16-Year Run; Global Indexes Go Their Own Way; Bubble Me Once, Shame On You… Bubble Me Twice
Investors in Chinese corporate debt have just received a wakeup call. After a total of 38 Chinese debt issuers were downgraded in June, brokerages now are preparing for the country’s first defaults since 1997, according to Moody’s.
Commodities to Continue Swoon thru 2013; BlackRock, Inc. Boosts Revenue 32 Percent in Second Quarter; Company Serving ‘Misfit Borrowers’ to Create ‘Misfit Investments?’
Commodities to Continue Swoon thru 2013 (CNBC) Commodities investors hoping for a turnaround in the second half of the year may have more luck hoping Santa brings them a stocking full of better investments. At least, that’s the word from HSBC, the Singapore-based super-bank that recently cut its price forecast for base metals by as […]
Pimco’s Gross Likes Bonds… Again; China Increases Treasury Holdings to Record High While World Sells
Anticipating no major U.S. policy changes until 2016, Pimco Founder and Co-CIO Bill Gross is buying more bonds. According to Gross, “Short term, we see a 10-year yield going down, prices going up.”