Aviva Investors Market Monitor – 09 February 2011

Reporting season – week 2 With the earnings season now in progress, the past week was full of important corporate announcements that have impacted share performance. This week we discuss the News Corporation earnings report, significant profit downgrades from Myer and AGL Energy, a favourable result from JB Hi-Fi, a new CEO for Asciano and

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Threadneedle’s outlook and investment themes for 2011

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Reasonable global growth led by emerging economies, but markets remain fragile and shocks will trigger volatility Mark Burgess, incoming Chief Investment Officer at Threadneedle, looks ahead to 2011: “Our central case for 2011 is one of reasonable global growth led by emerging markets. Against this backdrop world equity markets look good value, particularly against government

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Weekly market & economic update – November 19 2010

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Headline developments of the past week Worries about Europe’s debt problems and tightening in China were again key issues for investors over the last week, and had the effect of initially pushing share markets down ahead of a reversal later on as some of the fears receded. Europe seems to be moving pretty quickly this

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Cyclical recovery in shares remains on track, albeit bumpy

Key points Share markets and related trades such as commodity prices and commodity currencies have fallen over the last two weeks, partly triggered by worries about the impact of Chinese tightening and the re-emergence of sovereign debt problems in Europe. However, this is likely to be a correction in an ongoing cyclical recovery in shares:

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US to launch second wave of quantative easing

The potential for policy shifts in the US economy has been the pivotal driver in financial markets ever since Fed member Bullard surprised investors early in the summer by floating the prospect of the printing presses rolling again. After what has seemed an eternity, the US Federal reserve confirmed last night that they will launch

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Weekly market & economic update: 5 November 2010

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Headline developments of the past week The contrast in global central banks was stark over the past week with those in weak countries such as the US, Japan and Europe leaving monetary conditions very easy and in the US actually easing further via more quantitative easing, whereas those in strong countries such as India and

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QE2 not fazing investors

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“Print, baby, print” echoes the chorus of economists, investors and currency speculators worldwide. The strong possibility the US will create more money out of thin air has led to a significant depreciation of the US dollar and an appreciation of asset prices, including equities and bonds. Investors do not seem to be concerned by the

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Investor Signposts: Week Beginning October 31 2010

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The big picture Here’s a scary thought – 2010 is almost over, with just over two months to go to the end of the year. So it is opportune to see where Australia stands in the global rankings of shares, currencies and interest rates. One of the interesting findings is that the Australian sharemarket is

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Global Property Securities Update

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Overview Strong returns by listed property companies during the month were mainly driven by positive momentum in most global equity markets. The prospect of further quantitative easing in the US would be beneficial to property companies. Asset valuations would improve because the lower risk-free rate tends to cause capitalisation rates to have adownward bias. We

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$A parity – is it sustainable & what is the impact?

Key points For the first time in 28 years the $A has spiked above parity against the $US, highlighting the culmination of a long hard slog back to form for the Australian economy. In a longer term context it is the last 28 years below parity which is the aberration. While the $A is vulnerable

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