Sat, Nov 22, 2014
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. Regulatory - Stringent rules for hedge funds make the financial system fragile[more]

    From FT.com: …It is one thing to impose a regulatory burden when there is a clear need to do so. Banks are underwritten by taxpayers via deposit insurance as well as the too-big-to-fail safety net; they need to be reined in, and if they shrink as a result, that may be welcome. But it is another thin

  2. Investing - Apple: Hedge funds are crazy about it, Greenlight Capital took stake in Citizens Financial after IPO, Tiger Global added to Hertz, exited Dollar General last quarter, Oberweis sells NQ Mobile stake as Valiant adds shares, Whitney Tilson sticks to losing bet on MagicJack shares, Brigade Capital backs €90m Quinn sale[more]

    Apple: Hedge funds are crazy about it From Techinsider.net: Apple Inc. is still the most popular stocks among hedge funds. According to a recent report by hedge fund tracking site Insider Monkey, more than one out of 5 hedge funds are invested in Apple Inc. At the moment there are

  3. Greenlight Re CEO says hedge fund reinsurance strategy buzz is validating[more]

    From Artemis.bm: The attention being paid to the hedge fund reinsurance business model and the fact that others are now looking to leverage bits of it within their own strategies, is validating for reinsurer Greenlight Capital Re, according to CEO Bart Hedges. There has been an increasing buzz

  4. Legal - Hedge fund manager fights £8m tax tribunal ruling[more]

    From FT.com: A hedge fund manager who may have to repay £8m in tax is trying to overturn a tribunal ruling that found he had attempted to shelter millions in an avoidance scheme. Patrick Degorce, chief investment officer at Theleme Partners, lost a tax tribunal case last year. HM Revenue & Customs c

  5. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca