Investment Markets Overview – w/e 2 Aug 2013

As US second quarter GDP, the value of all goods and services produced, surprised on the upside, the Fed left rates on hold and left the door open to start reducing its stimulus programmes without actually providing any definitive date for fear of spooking the markets, as was seen in late May and into June of this year. However, the persistent rise in long-dated treasury yields is a contradiction to the Fed’s stated aim of keeping long term interest rates low and confirms, once again, that it’s the market that controls interest rates, not a Central Bank. The 10-year US Treasury yield has now jumped by 95% over a one year period, but the herd appear as yet to have not noticed or to have ignored the fact.

130802_1_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  . . .

  • Returning to the subject of GDP, UK policymakers were crowing last week in respect of the Q213 number which had doubled from a lacklustre    . . .
     

  • Charts:-
    1. Indices Weekly
    2. US Non-Farm Payrolls vs US Core PCE Deflator Y on Y
    3. UK Average House Price vs UK Loans on Dwellings
    4. Japan Unemployment Rate vs Japan Retail Sales Inverted
    5. WTI Crude vs Copper Price + $Gold vs $Silver

 

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

  “Illusion can be a pleasure at first”

 

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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