The latest analyst consensus indicates LYB’s 12-month target to be at $94.83, implying a potential return of 17.2% from the closing price of $80.89 as of June 26, 2017.
Of the 25 analysts covering Emerson Electric stock, three analysts gave the company a “buy” rating, 17 analysts gave it a “hold” recommendation, and five analysts recommended it as a “sell.”
The financial sector has contributed heavily to the UK economy. Financial institutions like HSBC and Barclays will face challenges doing business in the EU.
The USAA International Fund (USIFX) is right in the middle of the pack as far as its point-to-point returns for YTD 2016 are concerned—it is placed sixth.
HSBC analysts have determined that historically, gold has risen for at least 100 trading days after the first hike by the Federal Open Market Committee.
The Vanguard European Stock Index Fund – Investor Shares (VEURX) fell 2.4% in 1Q16, which placed it in the middle of the pack of the 12 funds in this review.
The Aberdeen Asia-Pacific (ex-Japan) Equity Fund (APJAX) aims to invest 80% of its net assets in equity securities of Asia-Pacific (ex-Japan) companies.
The AMFQX fund’s investment model is primarily a counter-trend model. It looks to sell short-term overbought levels and buy short-term oversold levels.
VWEHX looks like one of the safest funds to be around in case liquidity dries up temporarily. The fund mainly avoided investing in the deep end of the junk category.
The United Kingdom will hold a referendum by the end of 2017. It will decide whether to stay in or leave the EU. The referendum is a nationwide voting system.
AQMIX gave a total YTD return of 4.1% to its investors. It’s better than the market S&P 500’s (SPY) YTD return of 3.5%. AQMIX is an alternative mutual fund.
The British pound fell sharply against the US dollar on December 2, 2015, due to negative manufacturing and construction PMIs for the month of November.
The pound sterling ended on a lower note versus the US dollar on November 27, 2015, as GDP growth in the third quarter slowed in line with expectations.
The pound sterling ended on a slightly positive note against the US dollar on November 17, even though the inflation levels fell on an annual basis in October.
Mario Draghi, president of the European Central Bank, reaffirmed the ECB’s plan to provide a fresh monetary stimulus in December to boost inflation in the region if needed.
The Household and Non-Profit Institutions Serving Households saving ratio was estimated to be 4.70% in the second quarter—compared to 4% in the first quarter.
The growth of the ASEAN member nations has been extraordinary, to say the least. The GDP for the region expanded at a whopping 313% between 2001 and 2013.
In June 2014, China’s FX reserves were around $4 trillion. China’s FX reserves went down by $93.9 billion in August, leaving it with only $3.56 trillion.
The Bank of England’s MPC voted to hold interest rates at 0.5%, which strengthened the pound sterling against the euro and dollar. The EWU rose by 0.89%.
The fluctuations in the WisdomTree Europe Hedged Equity ETF (HEDJ) and the Deutsche X-trackers MSCI Europe Hedged Equity ETF (DBEU) have been narrower…
The holdings in the WisdomTree Europe Hedged Equity ETF (HEDJ) total 133, whereas the total is 451 for the Deutsche X-trackers MSCI Europe Hedged Equity ETF (DBEU).
Construction PMI for the United Kingdom, published by Markit, fell to a reading of 57.1 for July 2015, below estimates of 58.4 and a June reading of 58.1.
UK GDP improved 2.6% at the end of the second quarter. According to economists in a Bloomberg survey, UK GDP is expected to rise by 2.5% in 2015 and 2.3% in 2016.
China is one of the largest consumers of oil in the world. Its economic growth is vital for a boost in the global demand for oil. PMI came in at 49.2 in May, below the critical value of 50.
Currently, emerging market equities are trading at 12.7x on a one-year forward earnings basis. Valuations declined by 2.50% in the week ending May 29, 2015.
Ally Financial (ALLY) provided financial services and products to auto dealers in the US. It issued $1.25 billion in BB+ rated senior notes in two tranches.
When the rate does rise, it will mean an increasing interest rate environment, where corporate issuers may be required to pay more interest to creditors.
Much of financial intermediation in Europe, about 80%, takes place through banks. Bank lending is also key to the small and medium-term enterprises sector.
Another example that highlights the heterogeneity within the European labor markets is Spain versus Ireland. Spain and Ireland both experienced large employment destruction in the construction sector after the Lehman shock. However, they fared differently during the sovereign debt crisis.
Structural unemployment occurs for numerous reasons. It’s usually due to a lack of requisite job skills among workers. It can also be caused by a lack of workers’ willingness to work because of existing low wage levels.
Cyclical unemployment is a product of business cycles. A business cycle refers to periods of expansion or recession. In Europe’s case, weak gross domestic product (or GDP) data across the 18-nation economy continues to reflect the Eurozone’s weakness.
A sovereign debt crisis is a situation where economic and financial problems are caused by a country’s inability to pay its public debt. This usually happens when a country reaches critically high debt levels and suffers from low economic growth.
