Wednesday, February 2, 2011

Investors turn cautious on Treasuries: survey

The partake of investors who said on Monday they were “neutral,” or holding Treasuries tantamount to their portfolio benchmarks, rose to a four-week high at 77 percent from 75 percent finally week, J.P. Morgan Securities said.

The share of investors who afore~ they are “long” on U.S. government debt, or holding further Treasuries than their portfolio benchmarks, fell to a four-week low at 13 percent. This compared with 17 percent last week.

According to the latest J.P. Morgan ~ing, the share of investors who were “short,” or owning smaller Treasuries than their portfolio benchmarks, rose to 10 percent from 8 percent the anterior week.

The share of “neutrals” made up by in actual process clients, including market makers and hedge funds, held steady at 9 percent on Monday, while the share of active clients who were “terse” was unchanged at 1 percent.

The share of active clients who were “extensive” was unchanged at zero.

Growing evidence that the U.S. plan is picking up steam has fanned inflation worries, as the Federal Reserve has pledged to hold fast short-term rates low and buying Treasuries to support the recovery.

On Tuesday, a private report on U.S. factory activity climbed to the highest destroy in nearly 6-1/2 years in January, while the public character’s inflation gauge rose to its the highest level inasmuch as July 2008.

Barclays Capital’s Treasury total return index ended from a high to a low position 0.02 percent in January. Long-dated issues were the overthrow performers with Barclays’ long-dated Treasury index down 3.08 percent in January.

Government trespass worldwide was collectively poor investment last month. Barclays’s global Treasury characteristic was down 0.03 percent in January.

(Reporting by Richard Leong; Editing ~ means of Andrew Hay)

http://www.nathanhamm.net/news/investors-turn-cautious-steady-treasuries-survey/feed/ 0

Unemployment, poverty top global worries: poll

http://www.nathanhamm.clear/news/unemployment-poverty-top-global-worries-poll/ http://www.nathanhamm.get/news/unemployment-poverty-top-global-worries-poll/#comments Tue, 01 Feb 2011 17:01:02 +0000 Nathan Hamm News global person poverty Unemployment worries http://www.nathanhamm.net/news/unemployment-poverty-head-global-worries-poll/ NEW YORK (Reuters Life!) – Unemployment, poverty and communicative injustice are the top global concerns and most people think their home is heading in the wrong direction, according to a new clip. The Ipsos/Reuters survey of 18,676 adults in 24 … Continue reading →

NEW YORK (Reuters Life!) – Unemployment, poverty and social unjust are the top global concerns and most people think their rural is heading in the wrong direction, according to a new lop.

The Ipsos/Reuters survey of 18,676 adults in 24 nations in Asia, Africa, Europe and North and South America in like manner showed that only a third of global citizens are ‘satisfied’ by the way things are going in their own country.

The default of jobs was a bigger concern than corruption and financial scandals save in India, Indonesia and South Korea, and trumped healthcare in total countries apart from Brazil and Canada.

“Global worries have not changed ago 2010,” said John Wright, senior vice president and managing counsellor at Ipsos, said in an interview.

He found two of the findings particularly interesting.

“First even though unemployment and jobs is at the overpower of the list, the most ubiquitous issue is really poverty and civil inequality,” he explained, adding it was among the main four concerns in 23 countries.

“The supporter thing that was really revealing was in terms of how badly over Europe is … France and the UK and most of Europe, with the ~ion of Germany, is in such a dire circumstance in terms of at which place people think their country is at and where it is going.”

By difference the majority of residents of China, Saudi Arabia, Brazil, Indonesia and India are bold in the direction their country is headed.

Residents were most pessimistic in Italy, Japan, France, Belgium and Spain.

Brazil and India are the singly two nations in which lack of jobs was not mentioned mixed the top four major worries, while the United States was the single nation in which poverty was not mentioned.

Taxes were a swollen concern for residents in Belgium, Canada, France and the United States, though education was a leading topic in Australia, Mexico and Turkey.

Terrorism was in successi~ the minds of people in India and Turkey and immigration control was mentioned in the top four only by people in Britain.

“If you be obliged social inequality and high demand for jobs and governments that are alone getting one in 10 people saying they are heading in the straight direction, then clearly those politicians are going to be looking at grievous unrest in those countries,” Wright explained.

Egypt, where President Hosni Mubarak is clinging to efficiency amid demonstrations against the poverty and repression of his 30-years in energy, was not included in the poll, nor were Algeria and Tunisia, whither protests led to the ousting of President Zine al-Abidine Ben Ali.

Residents of Argentina, Australia, Belgium, Brazil, Canada, China, France, Great Britain, Germany, Hungary, India, Indonesia, Italy, Japan, Mexico, Poland, Russia, Saudi Arabia, South Korea, Spain, Sweden, Turkey and the United States were questioned because online poll.

http://www.nathanhamm.net/news/unemployment-poverty-top-global-worries-cheven/feed/ 0

Analysis: Gold to tough out ETF outflows; silver to struggle

http://www.nathanhamm.clear/news/analysis-gold-to-tough-out-etf-outflows-silver-to-struggle/ http://www.nathanhamm.unadulterated/news/analysis-gold-to-tough-out-etf-outflows-silver-to-struggle/#comments Tue, 01 Feb 2011 16:01:02 +0000 Nathan Hamm News Analysis gold outflows sweet struggle tough http://www.nathanhamm.net/news/analysis-gold-to-tough-thoroughly-etf-outflows-silver-to-struggle/ LONDON (Reuters) – Gold prices may be punished short-term damage if selling from physically backed exchange traded funds extends against a second month, but silver is more vulnerable in the longer people as it lacks gold’s broad-based sources of claim. The … Continue reading →

LONDON (Reuters) – Gold prices may stomach short-term damage if selling from physically backed exchange traded funds extends in favor of a second month, but silver is more vulnerable in the longer passage as it lacks gold’s broad-based sources of require.

The largest gold ETF, the SPDR Gold Trust, recorded its forward-biggest monthly outflow ever in January, while gold prices posted their overthrow monthly performance since December 2009.

Well received U.S. economic premises lifted interest in cyclical assets such as stocks last month at the outlay of safe havens such as gold. SPDR ETF holdings dropped 53.6 tonnes.

ETF sales end more than just reflect waning appetite for bullion. Large outflows in themselves overstrain downward price moves as they add extra supply to the emporium.

January was the first time that falling prices accompanied heavy selling from the supply. In December 2009, for example, its holdings actually rose more than 3 tonnes to the degree that prices fell.

If significantly more ETF gold were to hit the emporium, it could have a short-term impact on prices. But analysts tell there are plenty of other demand sources out there to mop up contribute, as long as good underlying reasons to buy gold remain.

“We are again in a zero interest rate environment, we still have major fiscal issues in Europe, America and Japan, we are still seeing be without of confidence in fiat currencies,” said Philip Klapwijk, chairman of metals consultancy GFMS.

“I dress in’t think we are at the beginning of a secular change in direction. The bull case for gold is still untouched.”

Investors are still likely to show interest in ETFs in periods of financial and political turmoil, analysts said. The monthly drop for all that, SPDR holdings managed to edge up around 3 tonnes on January 31 considered in the state of concerns over unrest in Egypt deepened.

ETF buying has recently been a gigantic source of gold demand, with the three largest fund operators — SPDR, ETF Securities and Zurich Cantonal Bank — adding 18.216 the public ounces of gold to their holdings in the two years to far advanced January, equivalent to a year’s gold output from crown of the head producers China and Australia.

Nick Brooks, head of research at London-based ETP executor ETF Securities, said though he expects the outlook for growth and interest rates could prompt selling of gold in the short term, desire to obtain for the metal is likely to stay firm this year.

Premiums in favor of gold bars in much of Asia last week were at their highest because at least 2004 in the run-up to Chinese New Year and India’s wedding season. The two countries are the world’s biggest consumers of natural gold.

http://www.nathanhamm.net/news/analysis-gold-to-tough-deficient in-etf-outflows-silver-to-struggle/feed/ 0

Retailers to report chilly end to holiday season

http://www.nathanhamm.net/news/retailers-to-tell-chilly-end-to-holiday-season/ http://www.nathanhamm.net/news/retailers-to-circulate publicly-chilly-end-to-holiday-season/#comments Tue, 01 Feb 2011 15:01:03 +0000 Nathan Hamm News somewhat cold. holiday report Retailers season http://www.nathanhamm.net/news/retailers-to-relation-chilly-end-to-holiday-season/ NEW YORK (Reuters) – U.S. retailers are poised to dash only a modest rise in January sales as record snow in manifold parts of the United States kept shoppers away from malls and crimped necessitate for early spring merchandise. January … Continue reading →

NEW YORK (Reuters) – U.S. retailers are poised to pretext only a modest rise in January sales as record snow in numerous parts of the United States kept shoppers away from malls and crimped demand for early spring merchandise.

January numbers will also reflect a pullback in spending by shoppers, after they opened their wallets during November and December, helping U.S. retailers station their best holiday sales in six years.

Retail chains ranging from Target Corp to J.C. Penney Co to Saks Inc command report January sales on Wednesday and Thursday. January is the latest month in the retail sector’s fourth quarter.

Sales at supplies open at least a year, or same-store sales, are calculate to rise 2.8 percent, compared with a rise of 3.3 percent a year earlier, according to Thomson Reuters premises. (For a related graphic: r.reuters.com/kup77r)

“It looks like tender-hearted of a lackluster month,” Nomura analyst Paul Lejuez said. “It is a release month typically. Usually we like to see some cooperation from the pass to windward of to sell some full-price spring merchandise.”

That did not come, particularly in the Northeast, where snowstorms “probably set people back a interval in terms of thinking about buying spring products,” Lejuez reported.

Across the United States, this was the coldest January in four years and the snowiest in six years, said Scott Bernhardt, chief operating officer of Planalytics, which provides weather given conditions for businesses.

“Clearly, this type of weather is not subsidiary to spring selling, and we believe negatively impacted sales in January,” Janney Capital Markets algebraist Adrienne Tennant said.

On Tuesday, the International Council of Shopping Centers cut its forecast for January same-store sales to a rise of 1.5 to 2.0 percent, citing dishonest weather. Last week it said it expected a rise of in all parts of 2.0 percent.

Fewer discounted goods in a typically promotional month could likewise have kept bargain-hungry shoppers away.

“Retailers came out of the anniversary season clean on inventory, leaving little clearance in a typically promotional month,” Goldman algebraist Adrianne Shapira wrote.

January is the smallest contributor to sales in the deal out in small portions fourth quarter as shoppers generally pull back after the shopping binge during the peak of the holidays.

“Consumers were impacted by spread abroad-holiday credit card statement shock after having spent more freely up~ discretionary merchandise over the holidays this year,” Deutsche Bank algebraist Bill Dreher said in a note.

WINNERS AND LOSERS

U.S. retailers that pr~ exclusive yet affordable merchandise will likely stand out from the squad in January, a theme that has played up prominently across the deal out in small portions spectrum in the holiday shopping season.


No comments:

Post a Comment