China Is Stabilizing through Policy Support
OppenheimerFunds Make no mistake, China is a controlled economy where growth can still be manufactured at will. Massive fiscal and monetary stimulus has China going through a “mini” boom with…
The most important indicators for this week are flash manufacturing PMIs and the Eurozone consumer confidence index.
According to a Eurostat report, Eurozone 4Q16 economic growth expanded to 0.4%, which was the same as in the previous quarter but below the preliminary market estimates of 0.5% growth.
According to a report from Eurostat, Eurozone industrial production fell 1.6% in December 2016 as compared to a 1.5% rise in November 2016.
According to the EIA’s (Energy Information Administration) report on February 15, 2017, US crude oil inventories rose 9.5 MMbbls (million barrels) in the week ended February 10, 2017.
According to a report from the US Census Bureau, US retail sales rose 0.4% in January 2017 as compared to a 0.6% rise in December 2016.
According to a report from the United States Bureau of Labor Statistics, US CPI (consumer price index) showed a strong improvement in January.
The Germany ZEW indicator of economic sentiment (EWG) rose to 10.4 points in February 2017 as compared to 16.6 points in the previous month.
According to a report from the Center for European Economic Research (ZEW), the Eurozone ZEW indicator of economic sentiment improved at a slower rate in February 2017.
In this series, we’ll take a look at the Eurozone ZEW economic sentiment index and the Germany ZEW economic sentiment index for February 2017.
Baron Capital began investing in Vail Resorts in 1997, and it owns a ~15%–20% stake in the company. According to Ron Baron, this investment has returned ~50%–75%.
Currently, Ron Baron has ~$300 million in investments and owns ~1.5 million shares in Tesla bought over three years at ~$208 per share.
Under Armour is currently struggling to meet investors’ expectations, as it missed analysts’ estimates in 4Q16. It reported a 12% rise in revenue in the quarter, missing expectations.
Inflation is expected to reduce the value of assets if the price rise of the asset doesn’t catch up with inflation. Core inflation in the United States is growing at a rate of ~2%.
In an interview on CNBC’s Squawk Box on February 15, 2017, billionaire investor Ron Baron spoke about his investment approach and favorite holdings.
The biggest impact of the Brexit announcement was the flow of capital from equities to traditional safe havens such as top-rated government debt, the Japanese yen, and gold.
The British pound (FXB) (GBB) is trading at 31-year low of 1.25 as of February 2017, its lowest level since 1985. The currency fell ~11% in 2016.
Investors lost confidence due to the uncertainty surrounding the vote, which led to the expectation of the other member nations’ following in the United Kingdom’s footsteps.
In an interview with Wall Street Week on February 10, 2017, Bob Diamond spoke about the impact of Brexit on global growth and the European markets.
China had pegged its currency, the yuan, to the US dollar as it was a developing nation.