Hints and tips:
...Over that same period, the S&P 500 has surged more than fourfold; even mainland China’s underperforming Shanghai Composite has far outdistanced the Hong Kong bourse....
...Jeffrey Roach, chief economist for LPL Financial, described Powell as “inching toward the dovish camp.”...
...I think it’s fair for markets to latch on to that subtlety,” said Jeffrey Roach, chief economist for LPL Financial....
...Wall Street’s benchmark S&P 500 swung between gains and losses, ultimately finishing flat....
...The S&P monthly survey of purchasing managers indicated that new export orders contracted across the world throughout the second half of last year and in January....
...The blue-chip S&P 500 index fell 1.1 per cent on Friday, pushing it down 3.3 per cent for the week. The S&P 500 and Nasdaq have declined for three weeks in a row....
...The re-rating has lifted the valuation to 29 times forward earnings, a historical high according to S&P Global. That’s the pesky thing: voracious acquirers, like cockroaches, quickly multiply....
...Stephen Roach, writing in the FT, says the death of inflation has been exaggerated and after the pandemic we may need it....
...The latter have certainly demonstrated a roach-like ability to proliferate....
...“They will realise they are in the roach motel and can’t get out.”...
...) OVERNIGHT MARKETS Asian markets Nikkei 225 down -97.77 (-0.65%) at 15,026 Topix down -3.74 (-0.30%) at 1,231 Hang Seng up +91.06 (+0.39%) at 23,209 ASX 200 up +19.57 (+0.36%) at 5,484 US markets S&P...
...It was a good question and one without a particularly satisfactory answer. 17.10: The eurozone crisis is “definitely” having an impact on India, says G P Hinduja, co-chairman of Hinduja Group, but he’s...
...In the US, consensus expectations are centred on a 40 per cent rebound in the earnings of the cyclically-sensitive non-financial component of the S&P 500 during 2010-11 – a stretch relative to what I suspect...
...Stephen Roach Chairman Morgan Stanley Asia A growth scare is likely to be the major investment event of 2010....
...Insight: Stephen Roach – China’s consumers are key to a revival On the surface, China appears to be leading the world from recession to recovery, writes Roach, chairman of Morgan Stanley Asia....
...The freewheeling approach . . . will be challenged.” Mr Lambert said business should fight overregulation and that there was a risk of overreaction in taking steps to curb excesses....
...“Syeeda’s Song Flute” and the ballad “Naima” are polished tunes, while the two blues “Mr P.C.” and “Cousin Mary” are equally catchy up-tempo riffs....
...As a result, corporate profits should fall well below expectations, especially for the non-financial component of the S&P 500....
...The S&P 500 was down 4 per cent by the close, the FTSE Eurofirst 300 fell 1.41 per cent, while the Nikkei 225 Average was 1.9 per cent lower....
...“This will result in a step-change in the government’s approach to climate change,” he said....
...Reflecting an outsize imbalance between supply and demand for new homes, residential property prices fell 6 per cent in the year ending October 2007 for 20 major metropolitan areas in the US, according to the S&P...
...Now, a sharp fall in asset prices is necessary to rebalance the US economy, reasons Roach....
...Back in February and March, Stephen Roach at Morgan Stanley was insistent that the subprime problem would not be easily contained....
...Stephen Roach, chief economist at Morgan Stanley, added his voice to the concerns on Friday, warning: “Subprime is today’s dotcom – the pin that pricks a much larger bubble.”...
...The S&P 500 gained 0.1 per cent while the Dow Jones Industrial Average rose 0.1 per cent....
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