G-7 leaders

Positive regression statistik changes in the stock markets in the first week of the reporting period, the major stock market indices showed a positive regression statistik development. U.S. S & P 500 and the DJ Stoxx 600 index value rose by 1.74% and 3.74%. The positive trend continued in the second week of the U.S. S & P 500 and the DJ Stoxx 600 index value increased by 19.1% and 31.1%. Rise in risky asset markets led to better-than-expected quarterly business results. Most of the world was dominated by positive macroeconomic data. In Italy there was a new government, which reduced political tensions. Fed, ECB and other central banks of the world continue economic stimulus measures. Philadelphia FRB driver regression statistik supports the reduction of stimulus that caused a bit to have negative sentiment in the market. Nevertheless, the U.S. S & P 500 index reached a record level - 1633.7.
Creating a government in Italy is declining Italian bond rate in Italy 9 weeks after the elections was marked by political tension, because the parties could not agree on the establishment of the coalition. During the reporting period, the tension eased and Enrico regression statistik Leta became the Prime Minister of Italy. Leta formed a coalition with Silvio Berlusconi. Results of the Italian 10-year government bond rate dropped to 3.76%, the lowest rate for the last 2.5 years. Events in the world, however, it increased to 3.89%.
U.S. and German government bond rate increases, Greece - Reference reduce sovereign bond rates rose, while the Greek government bond rates declined. regression statistik During the reporting period, the U.S. and German 10-year government bond rates increased from 1.66% to 1.90% and from 1.21% to 1:38%. The Greek government 10-year bond rate decreased from 11.30% to 9:48%. The last time that rate was observed before 2.5 years. Greek government bond rate of decline due to the improvement regression statistik in the financial situation of Greece.
Federal Reserve and the ECB to continue economic stimulus program during the reporting period Federal Reserve announced that it will continue to buy bonds of USD 85 billion every month. The base interest rate was left unchanged, leaving it close to zero, while the unemployment rate is above 6.5%, and inflation will not exceed 2.5%. The ECB lowered the benchmark interest rate from 0.75% to 0.50% and the deposit rate remained at 0%. President of the ECB announced that the ECB is ready to stimulate the economy as long as necessary.
G-7 leaders' regression statistik meeting of the G-7 leaders meeting focused on the declining value of the Japanese yen, which stood at a level in excess of 100 JPY / USD. The finance ministers object yen reduction, while the process does not become uncontrollable. It is still not set a target exchange rate. In spite of this will be followed regression statistik up with currency exchange rates for any country not to artificially regression statistik competitive improvement.
Mixed global macro data in the U.S. S & P Case-Shiller house price index rose by 9.3%, which is one of the highest increases regression statistik since May 2006. year. USA, China and Australia, the manufacturing sector growth slowed down, the value of the relevant index reached 50.7, 50.6 and 36.7. Meanwhile, U.S. construction spending fell by 1.7%. U.S. unemployment rate fell from 7.6% to 7.5%, the lowest level since the 2008th year. Positive that the U.S. trade deficit declined due to the reduction in imports and exports increase. Private consumption rose more than forecast - 0.2%. Biggest surprise of the new jobs created in the U.S. outside of agriculture, which increased by 165 000, while the expected increase in the amount of 140 000. The European Commission reduced growth forecasts for the eurozone. Eurozone GDP forecast regression statistik was lowered from minus 0.3% to minus 0.4%. German exports increased regression statistik by 0.5%.
SEB Wealth Management, 2013th This review is informative, it does not independently conducted regression statistik SEB Wealth Management study and does not constitute a recommendation or an offer to buy, sell or hold financial instruments. SEB Wealth Management does not assume responsibility for any inaccuracies or errors and shall not be liable for any loss that may arise in whole or in part using or planning to use the information given in the report. The report contained information obtained from public sources considered reliable evident: www.nasdaqomxbaltic.com, regression statistik Reuters, Bloomberg, regression statistik broadcast, regression statistik BNS, Latvian Bank (www.bank.lv) and SEB Wealth Management does not guarantee the completeness and accuracy of the information, the information can be to change without notice. Reproduction is authorized provided the SEB Wealth Management or the sources acknowledged. Full disclaimer can be found by http://www.seb.lv/lv/private/services/investments/securities/disclaimer2.
Contact Us | Terms of use 2012, NASDAQ OMX Riga. Website development: IT House, in collaboration with Asketic