by Thierry Malleret | Jun 3, 2014 | Weekly Market Update
If hard evidence is needed that the global economy is in a “muddle through” situation, the latest data on global trade provides it. In the first quarter of this year, exports and imports from the G7 and the BRICs fell by respectively 2.6 and 0.1% (from the previous...
by The BlackSummit Team | May 31, 2014 | Weekly Market Update
Market Action US equity markets closed the month of May posting gains. It marks the fourth month in the year that stocks have posted gains. The S&P 500 and Dow Jones closed Friday at record highs Despite gains in equities the week was marked by considerable...
by Thierry Malleret | May 28, 2014 | Weekly Market Update
5 insightful op-eds or articles to help make sense of today’s world Michael Spence, “Labor’s Digital Displacement” (Project Syndicate, May 22, 2014) The Nobel laureate in economics explains why digital technologies are transforming global value chains and, with them,...
by The BlackSummit Team | May 25, 2014 | Weekly Market Update
Market Action Stock markets in the US posted their first gains in three weeks. The S&P 500 closed at a record high on Friday despite little in the way of earnings or economic news this past week. US Treasury Bonds dominated market commentary early in the week as...
by Thierry Malleret | May 18, 2014 | Weekly Market Update
5 insightful op-eds or articles to help make sense of today’s world Martin Wolf, “Time for Draghi to Open the Sluice” (Financial Times, May 13, 2014 – metered paywall) The FT’s columnist observes that the Eurozone’s recovery in confidence is encouraging, but too...
by The BlackSummit Team | May 17, 2014 | Weekly Market Update
Market Action A positive start to equities this week quickly reversed course by the time markets opened on Wednesday. Low US Retail Sales prefaced poor data from China and Australia and contraction in Europe. In addition private forecasters expect US Q1 GDP growth to...