Investment Markets Overview – W/E 29th August 2014

Whereas last week’s overview commented on the fractures appearing within certain Central Banks,’ this week has seen further cracks appear within the European Union. Hot on the heels of “Super Mario’s jib at German dictated austerity reforms,” French President Hollande, with an approval rating of just 17% and faced with record unemployment in Europe’s second largest economy, felt obliged to sack his industry minister, Arnaud Montebourg, the chief critic of the budget cuts made to allow for a reduction in payroll taxes for business. Meanwhile, the new kid on the European block, 39-year old Italian Prime Minister ,Matteo Renzi, is using Italy’s six-month presidency of the 28-nation EU to make a stand against the German-led drive to clamp down on spending, finding support from both Spain and Greece and even within Merkel’s SDP coalition partner. Adding to the mix is Super-Mario’s determination to drive down the value of the euro, by way of QE, the latter deemed to be illegal by German law-makers, not to forget that European banks account for about 75% of total foreign bank lending to Russia, $US180BN, as increased sanctions against Russia are being considered by the EU.

29 August 14

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 cracks appearing within the EU, it isn’t just the political class who are dividing  …..

Charts:
1.Indices Weekly
2.US Personal Incomes and Spending V US GDP
3.German Business Confidence V E-Z M3 MS
4.Japan Unemployment V Japan Household Spending
5.Commodity 1 Week Moves

Table:

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

Best laid plans do not always have the desired effect, particularly when political

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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