Investment Markets Overview – w/e 28 Sep 2012

Last year European banks pledged to cut more than $1.2 trillion of assets to help them weather the sovereign-debt crisis. Since then they’ve increased assets by 7% to $45 trillion as at 31st July and they have Mario Draghi to thank. The ECB president’s decision nine months ago to provide more than 1 trillion euros of three-year loans to banks eased the pressure to sell assets at depressed prices and now the opportunity has passed. According to banking analysts they will need another ECB injection to roll over the first one, just to keep the balance sheets of Italian banks in business. Meanwhile, Spanish banks are “bleeding” deposits as the government debates whether to seek a bailout as $US 34BN was drained from Spanish bank accounts in July, driving the ratio of loans to deposits among lenders to a worrying 187%. A recent stress test of Spain’s banking sector revealed capital needs of $77BN to clean up their balance sheets of some $143BN of toxic real estate loans.

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

  • Last year European banks pledged to cut more than . . . .
  • US economic statistics released this week included  . . .
  • Euro-Zone economic data was fairly light   . . .
  • The UK also had a dearth of news   . . .
  • Out East, small business confidence ticked higher  . . .
  • The $US index gained a further, . . .
  • Within the commodities complex, the Oil price . . .
  • Fibonacci guidance is often useful in providing likely price targets . . .     
  • Charts:-
  1. Indices Weekly
  2. US Durable Goods vs US GDP . . .
  3. UK Consumer Confidence vs UK GDP
  4. Singapore M2 Money Supply vs Singapore CPI
  5. Fibonachi  vs Oil price

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

“It is the greatest inequality to try to make unequal things equal”

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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