Pictet - perspectives.pictet.com - Perspectives Pictet
General Information:
Latest News:
United States: weak durable goods orders report in July 27 Aug 2013 | 07:23 pm
On the back of sharp falls back in volatile defence and civilian aircraft orders, total durable goods orders fell by a massive 7.3% m-o-m in July, well below consensus estimates. More importantly for ...
Euro area: emerging from a record recession 15 Aug 2013 | 05:20 pm
Euro area expanded in Q2 Eurostat’s preliminary estimate showed that euro area real GDP expanded by 0.3% q-o-q in Q2 (1.1% q-o-q annualised), coming in slightly ahead of consensus expectations (0.2% ...
USA: July sales data encouraging for consumption growth in Q3 14 Aug 2013 | 07:25 pm
Nominal total retail sales rose by 0.2% m-o-m in July, slightly below consensus expectations (+0.3%). However, the figure for June was revised up from +0.4% to +0.6%. This modest increase in July was...
Europe: July’s PMI heralds the end of recession 24 Jul 2013 | 07:52 pm
In July, euro area flash PMI surveys, based solely on Germany and France extended their upward trend and came in stronger than expected. Indeed, the flash euro area manufacturing PMI increased from 48...
China and the US sewing seeds of discord 24 Jul 2013 | 11:09 am
Most financial markets, with risk assets very much in the firing line, suffered badly during June. The markets’ interpretation of comments made by Fed spokespersons and worries over a credit squeez...
Correction providing a strategic entry-point 23 Jul 2013 | 11:46 am
The big rise in US long-bond yields, which began in early May, was compounded by concerns over the risk emerging in June of a credit crunch gripping China. The drop in prices of several assets, which ...
Central banks breeding anxiety 22 Jul 2013 | 11:25 am
Measures taken by central banks and the way in which they communicate their monetary policy to the world at large in the coming weeks will have a significant bearing on the fate of the global economy....
China: GDP growth slows further in second quarter 19 Jul 2013 | 07:42 pm
Real GDP growth slowed to 7.5% year on year in the second quarter 2013 from 7.7% in the first quarter and 7.9.% in fourth quarter 2012. Activity indicators demonstrate the pace of economy is weakening...
Ramifications of the crisis in China’s interbank market 19 Jul 2013 | 02:50 pm
The interbank liquidity crisis that flared up in China stemmed from soaring credit in the country, bearing testament to the imbalances that typify the state of an economy at a cross-roads. Moving forw...
The Fed’s bet 19 Jul 2013 | 11:43 am
The mere suggestion that, if certain conditions were met, the central bank could begin to reduce the pace of asset purchases in the fourth quarter led to a disorderly retreat by investors. Those asset...
