Fri, Feb 27, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Banque Syz finds little to cheer about in the global economy

Tuesday, June 28, 2011

By Beverly Chandler, Opalesque London:

In its mid-June publication Point of View, Banque Syz & Co reports that while the arrival of summer gives many reasons to rejoice, they could find little cheer in the recent news of the global economy.

The report says: "Falling activity indices in the United States, a revival of tension over Greece's debt and the continued increase in inflation in the emerging economies are all signals that encourage one to be vigilant at the beginning of the summer period."

Banque Syz believes that we shouldn’t yet throw out the beginning of the year prediction that global growth would continue at a rate higher than 4%, but feels that current economic signals indicate that risks have increased in recent weeks.

Safety margins are reduced in the face of these developments, the report says. "It is difficult for the western countries to envisage - if the need were to be felt - embarking on new stimulus plans. As for the central banks, they appear to have gone as far as they could in easing their monetary policy.

Caution is the word of the month for the bank. It is only logical, they believe, that risk aversion is increased which benefits bonds and certain currencies such as the Swiss franc or the yen that are considered to be a relatively safe haven.

Looking specifically at the outlook for equities, Banque Syz observes that May’s trends have continued into June, with the Greek saga and other economic activity news pushing equit......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Very small CTA averages 6.90% per month since April’14 inception[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: There aren’t many one-man shops around in the hedge fund world but we talked to one. Andrew S. Peskin, who is ba

  2. Investing - Top U.S. hedge funds cut Apple stakes ahead of all-time high, John Paulson holds gold ETF in Q4 but cuts back on some miners, Hedge funds exited tumbling oil company shares late last year, Some top investors exit Herbalife, Soros added shares in fourth quarter, Moore Capital boosts U.S. financial holdings, reduces China bets[more]

    Top U.S. hedge funds cut Apple stakes ahead of all-time high From Reuters.com: Top U.S. hedge fund management firms, including David Einhorn's Greenlight Capital and Philippe Laffont's Coatue Management, reduced their stakes in Apple Inc during the fourth quarter, ahead of the iPhone mak

  3. Opalesque Exclusive: Skënderbeg launches four single-manager funds with Your Wealth AG[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Skënderbeg Funds AGmvK, an investment fund for qualified investors under Liechtenstein law (umbrella fund),

  4. Opalesque Roundtable: Many Swiss investors are questioning the value proposition of hedge funds[more]

    Benedicte Gravrand, Opalesque Geneva: There is a well-known transition among investors in hedge funds between high-net-worth individuals and institutional investors, Ian Hamilton, head of the IDS Group, said during the recent

  5. UCITS HFS Index starts year on positive note with 1.09% gains in January[more]

    Komfie Manalo, Opalesque Asia: The UCITS HFS Index started the year on a positive note gains of 1.09% in January after finishing 2014 with a modest performance of 1.62%. Index provider 2n20 said th