We are pleased to present the latest editions of the Economic Monitor and the Market Monitor from Dynamic Funds Economics, prepared by Chief Economist Dr. Martin Murenbeeld and Senior Economist William Tharp; a division which provides independent analysis and research to retail and institutional interests from across the globe.
Dynamic Funds Economic Monitor
Global growth and inflation continue to under perform the rather modest expectations of
central bankers and forecasting agencies such as the IMF and OECD, which have been periodically issuing lower forecasts. The most blatant recent miss has been second quarter Eurozone growth (more on this in our lead article) but recent Chinese data are not entirely encouraging, Japan’s second quarter contraction (anticipated following the sales tax increase) was worse than expected, and even US growth averaged a paltry 1% over the first two quarters of 2014.
Dynamic Funds Economic Monitor - August 2014
Monthly Market Snapshot
Welcome to the summer of 2014. The season has certainly offered a lot from a geo-political standpoint; the conflict between Russia and Ukraine has continued to ebb and flow, the infiltration of Islamic insurgents in Iraq has caused more havoc in an already beaten-down nation, and the tensions between Israel and Palestine have taken a turn for the worse, once again. Ugly news headlines have naturally caused some investors to feel jittery about exposing their portfolios to riskier asset classes. And sure enough, a punchy news headline regarding any of the aforementioned conflicts has caused markets to move significantly in a single day; however, our question is: how much of an impact do these geo-political events really have on equity market performance over the long-term? We decided to dig a little deeper by looking at two significant geo-political events in the last decade and examine their effects on market performance.
Monthly Market Snapshot - August 2014
The particulars contained herein were obtained from sources which we believe are reliable, but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of HollisWealth. This website is not deemed to be used as a solicitation in a jurisdiction where this HollisWealth representative is not registered.
Scotiabank's Global Forecast Update
Scotia Economics provides clients with in-depth commentary regarding the factors shaping the outlook for Canada and the global economy, including macroeconomic developments, currency and capital market trends, commodity and industry performance, as well as monetary and public policy issues.
Stronger Global Growth Remains ElusiveGlobal Economy: Growth internationally remains moderate and unbalanced, as evidenced by the renewed slump in the euro zone and Eastern Europe, the continuing weakness in Brazil, and the dampening in confidence associated with the increasing number of geopolitical hotspots around the world. Even so, the pace of global growth is expected to pick up gradually through the second half of this year and 2015, led by the strengthening in U.S. activity, continuing gains in the United Kingdom,China, and other Asean nations, and improving prospects in a number of other countries such as India.
Scotiabank Global Forecast - August 28, 2014