SEB Wealth Management, 2012. This review is informative, it does not independently conducted SEB

Equity markets continue to show a sharp increase in the reporting period, the risky asset markets continued positive trend initiated in January, despite the fact that not all of the data published during the week was positive. MSCI World stock market index during the week increased by 2.02%, while emerging markets growth was even more rapid. MSCI Emerging Markets stock market index during the week increased by 19.4%.
Good U.S. labor market data for a positive conclusion of the weekly U.S. unemployment rate unexpectedly fell in January to the last 3 year low (8.3%). 243 thousand. the increase in jobs, the highest over the last 9 months and put the most optimistic forecasts of economists surveyed by Bloomberg. Stock and bond markets reacted to this news very positively, because of the hope that the U.S. economy will be easier to weather the recession in Europe.
There is still no agreement on Greece during the reporting period did not show any positive progress in the Greek issue. Remained at a high resistance from the German part of the additional debt write-off, dynks making it easier for Greece's debt burden. The parties involved remained skeptical about Greece's ability to carry out the necessary reforms, because so far all the measures taken have not been very convincing.
German economy remains strong, while in Italy there is deterioration in the reporting period were published in the German and Italian labor market data. If Germany's unemployment rate continued to decline more rapidly than expected, then in Italy, it has continued to grow faster than expected. In Germany, it fell to the lowest level in two decades (6.7%), and Italian unemployment rose to 8.9%, the highest level since the 2004th year.
U.S. January consumer sentiment worsens, housing prices continue to fall in New York Conference Board consumer confidence index in January unexpectedly fell to 61.1, which was lower than the most pessimistic forecast of economists surveyed by Bloomberg. The mood deterioration due to corporate vigilance with regard to the hiring, as well as fuel prices, which allows you to set aside less money for consumption. dynks U.S. S & P / Case-Shiller index, which summarizes the dynamics of property prices in 20 U.S. cities in November showed a 3.67% decline against the previous year. The average forecast of economists predicted a much smaller decline during this period (-3.3%).
U.S. Dollar dynks U.S. Dollar dynks Index has stabilized during the period remained dynks stable, showing minimal change (+0.03%), the very failure of two weeks, during which time its value fell by more than 3%. Against the euro, the U.S. dollar during the week even managed to show a slight increase (+0.27%).
SEB Wealth Management, 2012. This review is informative, it does not independently conducted SEB Wealth Management study and does not constitute dynks 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, Reuters, Bloomberg, broadcast, BNS, Latvian Bank (www.bank.lv) and SEB Wealth Management does not guarantee the completeness dynks 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.
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