Global Weekly: We survived!
From euro break-up to financial system risks to a hard landing in China to the US fiscal cliff, there was no shortage of uncertainties for investors to worry about in 2012.
From euro break-up to financial system risks to a hard landing in China to the US fiscal cliff, there was no shortage of uncertainties for investors to worry about in 2012.
The Fed decided to convert its Operation Twist programme, which will expire at the end of the year, by an outright Treasury programme, as we and most other economists had expected.
ABN AMRO Private Banking remains positive on equities, moves overweight on Asia property and sees value in selective peripheral EU bonds in Q1 2013 Investment Outlook
The European Commission’s Economic Sentiment Indicator unexpectedly rose - mostly in the industrial sector, encouragingly enough, confirming earlier worldwide survey results that signalled a turn in the global industrial cycle.
Read the summary of our view of the macro economic and financial situation provided by our leading investment professionals, ABN AMRO Private Banking's Global Investment Committee.
The early estimates of a number of the PMIs – key manufacturing barometers – rose across the globe in November.
The relative resilience of the eurozone economy in Q3 (-0.1% quarter-on-quarter) flatters the underlying picture, with the economy likely to weaken further in Q4.
Underlying net profit for the first 9 months of 2012, excluding integration and separation-related expenses, rose 22% to EUR 1,201 million and EUR 374 million for Q3.
The US election saw Democratic incumbent, President Barack Obama, get re-elected on November 6th. The Senate remains Democratic, while the House remains Republican, underlining the view that resolution of the fiscal cliff would not be straightforward.
The Banker and Professional Wealth Management (both publications of the FT Group) rewarded Neuflize OBC Highly Commended Private Bank 2012 in France.