Investment Markets Overview – w/e 5 July 2013

There appeared to be a co-ordinated attempt this week by Europe’s two lead central bankers to con the market, as the new kid on the block, the Bank of England’s governor Carney and the ECB’s “ I’ll do whatever it takes, without actually doing anything,” Draghi, tried to distance themselves from the Fed’s “possible” QE withdrawal. Aside of both keeping their respective bank rates on hold, at 0.5%, they had the audacity to state that they would keep interest rates low for longer than investors bet. Aside of spiking the European stock indices for one day, which no doubt suckered in more of the sheepeople who believe the CB rhetoric, one glance at bond yields of late, including this week, tell you all that you need to know. Interest rates are on the rise and as sure as day follows night, these two will follow those rates higher. 

130705_chart

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  . . .

  • All eyes had been on either Slovenia or Italy as the next domino to fall within Europe, but Portugal, . . .
     

  • Charts:-

    1. Indices Weekly
    2. US Change in NFP vs NFP 200 Day MA vs S&P 500
    3. E-Z PMI Manufacturing vs E-Z PMI Services
    4. Japanese Vehicle Sales Y on Y vs US Vehicle Sales Y on Y
    5. US Treasury Yields

 

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

“A delusion usually ends in tears

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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