Investment Markets Overview – w/e 6 September 2013

Whilst the G20, a group of twenty Finance Ministers and Central Bank Governors representing 80% of gross world product, was established in 1999, the G20 Leaders Summit only held its first gathering in 2008, in response to the 2007 financial crisis. Whilst it suited the “big boys,” better known as the G7 to include the other 13, as they needed the financial commitment the others could bring to the party, they no doubt had second thoughts at this week’s annual summit, held in St Petersburg, Russia. Although the world leaders discussed threats to the global economy, more below, the shadow of Syria, or more to the point President Obama’s proposed military strike on Syria, dominated the summit. If Obama thought that he could unite the G20 behind his agenda he was sorely disappointed as they split in what appears to have been an acrimonious manner, with the UK, France, Turkey, Canada and Saudi Arabia supportive of a punitive strike, whilst Italy, Germany, India and most of the other emerging economies joining Russia and China in insisting they wont support military intervention without United Nations Security Council approval.

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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 G20 Summit, the main financial concern discussed was the impending Federal Reserve stimulus exit,  . . .
     

  • Charts:-
    1. Indices Weekly
    2. ISM Manufacturing vs ISM Services
    3. Euro-Zone GDP vs Euro-Zone Retail Sales Y on Y
    4. Hong Kong Retail Sales Y on Y
    5. US 10 Year

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

  “The trick is to stop thinking of it as ‘your’ money” IRS Auditor

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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