Investment Markets Overview – W/E 2nd May 2014

There was a wake-up call this week in respect of economic growth for the world’s largest economy, the US, and for the purported fastest growing economy within the G7, the UK. The former slowed sharply to just 0.1% in Q114 from the 2.6% of Q413, itself slashed from the initial estimate of 3.2%, according to the Bureau of Economic Analysis. The BEA blamed the unusually cold winter but did also mention the downturn in exports and in non-residential fixed investment. Meanwhile, the UK’s Office for National Statistics reported that GDP expanded by 0.8% in the first quarter after the 0.7% seen in Q413 and at 3.1% annualised it’s fastest rate in six years, albeit that both the quarter and year on year rate were below forecasts. We comment further on the UK number below but note that the wettest UK winter in 200-years didn’t appear to effect their growth number whilst the term “residential investment,” or otherwise, plus, “compensation benefits,” figures highly in determining the growth rate of both economies.

2 May Comm

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 UK GDP number, economist John Lancaster has written on the contribution made to growth thanks to the compensation payments, made by UK banks for the PPI mis-selling . . .

Charts:
1.Indices Weekly
2.US NFP vs Unemployment Rate
3.UK Average House price V GDP
4.HSI V HK GDP
5.Commodity 1 Week Moves

Table:

13 Indices, 11 columns of detailed information, for accurate analysis

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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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