Wed, Jul 30, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEB believes central bank affirmative action has resulted in the world slowly navigating away from the brink of recession

Tuesday, February 14, 2012

By Beverly Chandler, Opalesque London: The SEB’s Nordic Outlook takes comfort in the fact that the world’s economic crisis has stabilised somewhat compared to end of last year. SEB believes that now there is greater symmetry in the risk picture, due to forceful central bank actions. The bank has adjusted its global growth forecast upwards a little but is still concerned about the level of unemployment in many countries.

The SEB report says: "The Gross Domestic Product (GDP) of the 34 industrialised OECD countries will grow by 1.4 per cent this year and 1.9 per cent in 2013. The large quantity of idle resources will push inflation downward, giving households somewhat greater purchasing power and enabling historically low key interest rates to last throughout 2012-2013. Inflation expectations are stable. Inflation risks are primarily connected to changes in indirect taxes and disruptions in food and commodity production (for example in the Middle East)".

The bank approves of the new President of the European Central Bank (ECB), Mario Draghi who, it says, in his first 100 days in office, is off to a roaring start with two key interest rate cuts and a programme of cheap three year loans to the banking system. "Combined with the liquidity support measures of other central banks, the ECB has thus probably succeeded in the task - which the political system had failed to resolve - of building the necessary......................

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. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass