Investment Markets Overview – w/e 17 May 2013

The Group of Seven finance chiefs and their central bankers met up at a stately home, just outside of London, last weekend, hosted by the UK as it is President of both the G7 and the G8 (the 7 plus Russia) this year. There are three priorities for the G-7, according to UK Chancellor Osborne, monetary activism, fiscal responsibility, and structural reform. On monetary activism he confirmed that the central banks have undertaken Quantitative Easing to support demand, without recognising the failure of a pick up on loan demand, whilst on the subject of fiscal responsibility he admitted that Government deficit and debt levels are too high in a number of G7 economies, including the UK, stating a resolve for G7 to strengthen the political will to undertake necessary reforms as French Finance Minister, Pierre Moscovici again criticised the drive to slash budget deficits, saying,I don’t like the word austerity.” Finally, on structural reform, he urged a need to maintain momentum in addressing the structural weaknesses in our banking system, observing that if the banking system remains impaired, financial instability will persist, and it will continue to hinder the lending so vital to the wider economy. No change here then.

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

  • US economic data . . .

  • Euro-Zone   . . .

  • The UK . . .

  • Out East   . . .

  • The $US index  . . .

  • Within the commodities complex  . . .

  • Economic data due next week includes  . . .

  • Returning to the proposed G-7 objectives, George Osborne also said , . . .
          

  • Charts:-
    1. Indices Weekly
    2. US Retail & Food Sales Y on Y vs US Retail Sales Less Autos Y on Y
    3. UK Average Weekly Earnings vs UK Unemployment Rate Inverted
    4. Japan GDP Y on Y vs Japan Consumer Confidence
    5. Size of Shadow Economy as % of GDP

 

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

 
                                   “Never was so much owed by so many
 

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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