Sunday, April 25, 2010

>GLOBAL MARKETS: Risky assets retain their appeal

Despite a temporary blip, economic data has again begun to surprise consistently to the upside, and risky asset returns are trumping uncertainty for investors in 2010.

The current point in the cycle is a swwet spot, with output gaps that can accomodate above trend growth, yet inflation that keeps central banks on the sidelines.

Whereas global central bank rates fell roughly in unison as the financial crisi struck, there is an obvious divergence on the way back up, with the emerging markets and commodity players moving before the major advanced economies.

The publication also includes quarterly interest rate and exchange rate forecasts for the U.S., Canada, Australia, and New Zealand and also offers additional exchange rate forecasts for the Japenese yen, the euro, the U.K. pound and the Swiss franc.

To read the full report: GLOBAL MARKETS

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