This is a quiet period,according to Mark Matthews,Head of Research for Asia at Bank Julius Baer;September will be D-Day.The MSCI World Index is up 10% this year;the US is up 14%,overshadowed by all this volatility.The markets will go down if Federal Reserve Chairman Ben Bernanke doesn't express some kind of positive policy action.It's unclear how the Fed makes decisions.
The US is not doing very badly.China's probably the big problem in the world right now.It's slowing down in a way the leaders are comfortable with.
I like the quality US blue chips;quality high yield bonds;Southeast Asian equities such as those from Thailand and the Philippines.
The Julius Baer Group says it is the leading Swiss private banking group,serving sophisticated private clients,family offices and external asset managers from all over the globe.With its headquarters in Zurich,it has more than 40 offices in over 20 countries.The group was founded in 1890.
Middle East Moment:Any Middle East military action will push oil prices significantly higher,says Helma Croft,a geopolitical strategist at Barclays Capital.Drought and its higher food prices will hurt Middle East fiscal positions.None of these governments can afford to put off subsidies to their people.
Barclays(BCS)
No comments:
Post a Comment