Investment Markets Overview – w/e 8 Feb 2013

Despite ECB head, Super Mario, waxing lyrical on how he saved Euro-land, Europe’s banking sector was back in the spotlight this week. First up was the little problem of Cyprus, which last year became the 5th Euro-Zone member state to seek a bailout as its banking sector debt brought the country to its knees. The EU estimates that Cyprus will need Euro 17.5BN of “tax-payer assistance,” made up of 10BN for the banks and 7.5BN for the government, which amounts to almost 100% of Cyprus’s GDP and making it proportionally the largest euro-area rescue after Greece and about three times the size of the Portuguese bailout. Elsewhere, Deutsche Bank and Credit Agricole announced write-offs of Euro 2.17BN and 3.8BN respectively, as the Netherlands’s forth largest bank, SNS Reaal, was nationalised by the Dutch government after it pumped a further Euro 3.7BN of tax-payer money into the bank. It had already “invested” Euro 40BN, on behalf of the tax-payer in 2008, between SNS Reaal and its three larger lenders, ING, Rabobank and ABN Amro, the latter itself nationalised at the time , after the Dutch central bank deemed them as “too big to fail.”

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Subscribe to the Full Investment Markets Overview Newsletter which contains the following additional commentaries:-    

  • US economic data . . .

  • Euro-Zone   . . .

  • For the UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • A well known financial news website summed up the week  . . .
     

  • Charts:-
    1. Indices Weekly
    2. S&P 500 Stock Index vs US Trade Balance Inverted
    3. Loans to Non-Financial Corp’s vs Household loans
    4. Oz Interest Rate vs Oz CPI Yr on Yr
    5. US 10 Year Yield vs UK 10 Year Yield

 

 

Table of 15 Indices, 11 columns of detailed information, for accurate analysis

 

“It takes courage to stand against the crowd”

 

Click  HERE to view Details of the full version of this Newsletter

which includes full text and detailed Charts for each section

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