IMF-Regional Economic Outlook Western Hemisphere- Tale of Two Adjustments
May 19, 2017--Shifts in the global landscape are taking place following disappointing growth in 2016. Momentum
picked up in the second half of 2016, and the outlook for advanced economies has improved for 2017-18.
Better growth prospects in the United States, Europe, and Japan reflect some rebound in manufacturing and trade, as well as prospects of likely U.S. fiscal stimulus in the wake of the November elections. As it seeks a new policy course, the United States should see solid economic growth in the near term with job creation and rising inflation. With a shift in the direction of U.S. policies, market sentiment has strengthened alongside advancing equity markets, a stronger U.S. dollar, and higher U.S. interest rates. Meanwhile, growth prospects marginally worsened for emerging market and developing economies compared to last fall.
view the IMF-Regional Economic Outlook Western Hemisphere- Tale of Two Adjustments
Source: IMF
Continued slowdown in productivity growth weighs down on living standards
MAy 18, 2017--The slowdown in productivity growth-already underway before the crisis-combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world's economies, according to a new report released today by the OECD.
In its latest Compendium of Productivity Indicators, the OECD also highlights a decoupling between productivity growth and higher real average wages in many countries, resulting in continued declines in labour's share of national income.
Source: OECD
Fidelity International rules out 'costly' M&A deals
May 17, 2017--President of the £215 billion fund manager is not interested in participating in an expected wave of industry consolidation
Fidelity International has ruled out making any big fund management acquisitions, amid predictions the sector is ripe for consolidation.
Source: fnlondon.com
Bassanese Bites: Steady week given mixed news
May 16, 2017--The Week In Review
It was another fairly lacklustre week in global markets, with the S&P 500 easing back 0.4% after flirting with new record highs.
Having started with a bang, the Q1 US earnings report season is ending with a whimper. Of course, that's perhaps not surprising given the remaining focus on competitively challenged bricks and mortar retailers-such as Macy's and Nordstrom which reported downbeat results last week.
Source: betashares.com.au
Asia in danger of growing old before it becomes rich
May 16, 2017--In contrast, Africa risks being held back by a surfeit of young people
Source: Risk.net
Wave of Cyber Attacks Sends Online-Security ETF Surging
May 15, 2017--Cyber security stocks gain with malware infecting companies
Attack hits U.K. health systems, asking for Bitcoin ransom
Source: Bloomberg
Private equity returns still outperform public markets
May 15, 2017--Private equity buyout funds globally delivered returns that beat public equity markets by a sizable margin in 2016.
In the US, funds delivered a 6 per cent end-to-end pooled internal rate of return (IRR) for the 12 months ending June 2016, compared with 4 per cent for the S&P 500 using an apples-to-apples metric developed by investment advisory firm Cambridge Associates. The gap was even larger in Europe and Asia-Pacific. And private equity continues to outperform over longer time horizons as well.
Source: AMEInfo.com
Bitcoin's surge fuels fears of asset bubble
May 14, 2017--Value of unregulated crypto currencies bursts through $50bn
Source: FT.com
Crypto currency offerings spur speculation frenzy
May 14, 2017--The latest online investing craze has shades of dotcom exuberance.
Source: FT.com