Investment Markets Overview – w/e 23 Nov 2012

As European Finance Ministers failed to agree on the proposed disbursement of Euro 44BN in emergency loans to Greece, appearing to be at loggerheads with the IMF over last weeks decision to allow Greece an extra couple of years in which to sort out their “fiscal targets,” They also failed to agree on the EU’s new 7 year budget as France defended farm subsidies, Britain clung to a rebate and Denmark demanded its own refund. Spain became the latest Euro-Zone state to offer “Residency Permits” to foreigners if they buy houses in the country worth more than Euro 160,000. In this effort to shift the more than 700K unsold houses left over from the 2008 property collapse Spain is undercutting Ireland and Portugal, who have introduced similar measures but at minimums of Euro 400,000 and 500,000 respectively. Furthermore, Trade secretary Jamie Garcia-Legaz allegedly said that the plan would be aimed at China and Russia, which should go down like a “lead balloon” with the Spanish electorate.

 

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

  • US economic statistics released this week  . . .
  • Euro-Zone construction output  . . .
  • For the UK mortgage advances . . .
  • Out East, Japan’s machine tool orders  . . .
  • Elsewhere, retail sales   . . .
  • The $US index declined  . . . 
  • Within the commodities complex  . . .
  • Economic data due next week includes  . . .
     
  • Charts:-
    1. Indices Weekly
    2. Personal Savings Rate (%) vs Inflation Adjusted Spending (Y on Y %)
    3. UK Bank Loans Approved for House Purchase vs UK Bank Loans Approved for Remortgaging
    4. Foreign Direct Investment Into China
    5. Irish Yield Drops

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

To Spell out the Obvious is to Call it into Question

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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