Investment Markets Overview – w/e 27 July 2012

Spain and Greece moved to centre stage this week, as the formers borrowing costs soared to 7.6% pa, to borrow a “miserly $3BN,” bearing in mind that they need to roll-over some Euro 75BN of debt this year and 5 year borrowing costs have risen above ten year for the first time in more than ten years. According to sources close to Premier Mariano Rajoy, he is complaining bitterly that the crisis engulfing Spain was a, “failure of the whole European Project and the incompetence of its leaders.” One has to agree with the sentiment, although some personal responsibility from Spain’s leaders for the mess wouldn’t go astray. Moving onto the ongoing bailout of Greece, a split within the German coalition in respect of funding it is widening, as the German Economics Minister, Philipp Rosler, stated,” If Greece no longer meets its requirements there can be no further payments,” and,” for me, a Greek exit (from the euro-Zone) has long since lost its horrors.”

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

  • US economic statistics released this week included the Q212 advance GDP reading  . . .

  • Euro-Zone manufacturing PMI, a measure of economic growth  . . . .

  • Retail sales disappointed in June, at   . . .

  • The FTSE 100 ended lower by  . . .

  • Out East, Japan’s consumer prices unexpectedly fell and retail sales   . . .

  • This week we look at China’s main stock index against money supply . . . 

  • The Nikkei fell by  . . . 

  • The $US index fell by  . . . 

  • The UK gilt yield rose . . . 

  • Economic data due next week includes interest rate decisions for . . .
     

  • Charts:-
    1. Indices Weekly
    2. Mortgage Applications vs S&P/CS 10 City Home Prices
    3. UK GDP YOY vs UK Construction Orders
    4. Taiwan GDP vs Taiwan Ind Prod
    5. Italian 2 Year Yield . . .  Spanish 2 Year Yield
  • Table of 15 Indices, 11 columns of detailed information, for accurate analysis

Whatever it takes can = Flogging a dead horse?

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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