Sat, Oct 22, 2016
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. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion