Investment Markets Overview — W/E 7th August 2015

Grexit” took on a whole new meaning this week, as investors who have been trapped within the Athens stock-exchange for 5-weeks since it was closed, as part of the capital controls imposed, all headed for the exit together on the re-opening. Predictably, the Greek flag-ship stock-index crashed, with the ASE initially slumping by 23%, led by the banking sector, but ended the week with a 1% gain, albeit 15% lower than the pre-closure level of the 26th June. Liquidity remains low and capital controls remain in place ensuring that volatility is set to continue following the traumatic 87% collapse witnessed since its December 2007 high. Meanwhile in China, reports suggest that the government (tax-payer) has already spent about $150BN attempting to prop-up shares. It managed a 2.2% gain on the week, ending it at 3744, but support at the 3500 level is key.

7 August 15

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 . . .

 Aside of the worrying signs emanating out of Greece and China, plus the little matter of Puerto Rico announcing it’s bankruptcy, there ……

Charts:
1.  Indices Weekly
2. US Trade Deficit V $US
3. E-Z Retail Sales V E-Z PPI
4. OZ Unemployment V OZ Retail Sales
5. Commodity YTD  Moves

Table:

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

“History Don’t Repeat, But it sure do Rhyme.

Click Here to view Details of the full version of this Newsletter which includes full text and detailed

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