July 01, 2011

Market Wrap For The Week Ending 1-July-2011

In view of the upcoming 4th of July holiday, here is a light version of market insights. Enjoy!

In This Week's Issue
• Weekly Snapshot
• Weekly Barometers
• Halftime Reports
• Recommended Read/Audio

Weekly Snapshot
• Euro area seasonally-adjusted unemployment rate was 9.9% in May (Eurostat)
• Purchasing managers' indexes in Asia and Europe at multi-month lows (Reuters)
• Japan's Tankan survey shows sentiment worsened sharply after quake (WSJ)
• U.S. corn futures have suffered their steepest fall in 15 years (FT)
• The Fed ended its $600 billion bond-buying program (QE2) on June 30th (Reuters)
• The European Central Bank signaled rate hikes as inflation stays high (Reuters)
• Euro area inflation is estimated at 2.7% in June 2011 (Eurostat)
• BofA to pay $8.5bn to settle claims over mortgage-backed securities (WSJ)
• Greece passed an unpopular austerity plan critical to avoiding a debt default (Reuters)
• Christine Lagarde was named the new head of the International Monetary Fund (AP)

Weekly Barometers

st-2011-0701   fx-2011-0701
     

Halftime Reports   
Time flies they say.  Yes, the first half of 2011 is already over.  This calls for a mini-review of how the markets faired during the first six months of this year.  Please find the charts below indicating the performance of the major stock markets as well as the returns of the major currencies and commodities. It has been an interesting and choppy first half so far.  The curious investor’s mind is waiting to see what’s next…

Stocks-H1

image

FX-H1

Recommended Read/Audio
Here’s an interesting take on the inflation debate. Please consider:
Recalculating the Consumer Price Index by David Gura.  

listen

Best wishes for a wonderful 4th of July week-end!

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