Mexico: Growth decelerated into Q4
Nader Nazmi - Market Economics
Latam Macro Snapshot | 10 Jan 2013 16:20 |
Mexico’s monthly GDP proxy (IGAE) expanded 0.2% m/m (sa), slightly weaker than our 0.3% m/m forecast. On an annual basis, growth accelerated from 1.2% y/y in September to 4.3% y/y in October.
Thursday, January 10, 2013
Chile: Monthly survey of economists will be the highlight.
CHILE
Yesterday, the survey of financial market participants showed few changes. The only change in the report was the 12 months inflation, which edged up to 3.0% from 2.9% in the last report.
Yesterday, the survey of financial market participants showed few changes. The only change in the report was the 12 months inflation, which edged up to 3.0% from 2.9% in the last report.
Wednesday, January 9, 2013
Working for the Man
Working for the Man
Julia Coronado - Market Economics
US Daily Spotlight | 10 Jan 2013 00:15 |
The corporate earnings season got off to a positive start on Wednesday, with Alcoa beating market expectations in Q4 and raising its 2013 outlook. The company cited an improving Chinese economy and its own cost-cutting measures and productivity gains. A number of equity analysts are fairly bullish on the prospects for US corporations, although this is an outlook increasingly tied to the global outlook, with sometimes minimal positive spillovers to, or dependency on, the US economy.
Julia Coronado - Market Economics
US Daily Spotlight | 10 Jan 2013 00:15 |
The corporate earnings season got off to a positive start on Wednesday, with Alcoa beating market expectations in Q4 and raising its 2013 outlook. The company cited an improving Chinese economy and its own cost-cutting measures and productivity gains. A number of equity analysts are fairly bullish on the prospects for US corporations, although this is an outlook increasingly tied to the global outlook, with sometimes minimal positive spillovers to, or dependency on, the US economy.
Berlin Office Space Market Makes Record Result
BERLIN OFFICE SPACE MARKET MAKES RECORD RESULT
9 Jan, 2013, Frankfurt
• Vacancy rate falls further
• Prime rent on upward trajectory
The Berlin office space market has charted a record result for the second year in succession. Last year's very strong showing of 685,000 sqm of total rented office space was eclipsed in 2012 with a floor space turnover of 693,000 sqm. The rental volume for 2012 is therefore 47% above the average for the last ten years. In the second and third quarters in particular, Berlin companies proved very active in terms of leasing. Floor space turnover stood at an above-average 190,000 sqm over the two summer quarters. A solid result was achieved at the end of the year too, however, with a quarterly turnover of 173,000 sqm.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c57000015p
9 Jan, 2013, Frankfurt
• Vacancy rate falls further
• Prime rent on upward trajectory
The Berlin office space market has charted a record result for the second year in succession. Last year's very strong showing of 685,000 sqm of total rented office space was eclipsed in 2012 with a floor space turnover of 693,000 sqm. The rental volume for 2012 is therefore 47% above the average for the last ten years. In the second and third quarters in particular, Berlin companies proved very active in terms of leasing. Floor space turnover stood at an above-average 190,000 sqm over the two summer quarters. A solid result was achieved at the end of the year too, however, with a quarterly turnover of 173,000 sqm.
http://www.cushwake.com/cwglobal/jsp/newsDetail.jsp?Country=DE&Language=EN&repId=c57000015p
Tuesday, January 8, 2013
US LNG EXPORT PROJECTS—2 (Conclusion): Projected financial performance supports
http://www.ogj.com/articles/print/volume-111/issue-1/transportation/us-lng-export-projects-2-conclusion-projected.html
US LNG EXPORT PROJECTS—2 (Conclusion): Projected financial performance supports building at least a few
01/07/2013
John Paisie
JEA Consulting Group
Toledo, Ohio
The projected financial performance of proposed US LNG export plants supports the building and commissioning of at least a few of them. The proposed plants, however, face large risks. Potential supply-demand shifts in both the US and destination markets could result in price shifts much greater than the 10% used in this article's sensitivity analysis.
US LNG EXPORT PROJECTS—2 (Conclusion): Projected financial performance supports building at least a few
01/07/2013
John Paisie
JEA Consulting Group
Toledo, Ohio
The projected financial performance of proposed US LNG export plants supports the building and commissioning of at least a few of them. The proposed plants, however, face large risks. Potential supply-demand shifts in both the US and destination markets could result in price shifts much greater than the 10% used in this article's sensitivity analysis.
Turkey: IP Recovers Strongly
Turkey: IP Recovers Strongly
At 11.3% y/y, November’s industrial production index was above the market consensus (%9.9) but below our more optimistic forecast (13.5%). On a seasonally adjusted basis, industrial production increased by 1.5% m/m in November, following a 2.6% m/m decline in October. The decline in October was mainly due to the working day and holiday effects.
At 11.3% y/y, November’s industrial production index was above the market consensus (%9.9) but below our more optimistic forecast (13.5%). On a seasonally adjusted basis, industrial production increased by 1.5% m/m in November, following a 2.6% m/m decline in October. The decline in October was mainly due to the working day and holiday effects.
Chile: No inflation in December
Chile: No inflation in December
Nader Nazmi - Market Economics
Latam Macro Snapshot | 08 Jan 2013 14:31 |
Consumer prices were flat in December (-0.03% m/m; consensus and BNP Paribas: 0.1%). As a consequence, the year-on-year measure of headline inflation fell from 2.13% y/y in November to end the year at 1.49% y/y, its lowest level since June 2010. Indeed, all key measures of inflation fell in 2012 and ended the year below the floor of the central bank’s 3.0%±1pp implicit target range.
Nader Nazmi - Market Economics
Latam Macro Snapshot | 08 Jan 2013 14:31 |
Consumer prices were flat in December (-0.03% m/m; consensus and BNP Paribas: 0.1%). As a consequence, the year-on-year measure of headline inflation fell from 2.13% y/y in November to end the year at 1.49% y/y, its lowest level since June 2010. Indeed, all key measures of inflation fell in 2012 and ended the year below the floor of the central bank’s 3.0%±1pp implicit target range.
Frankfurt office market 2012: Highest rental volumes for five years
Frankfurt office market 2012: Highest rental volumes for five years
7 Jan, 2013, Frankfurt
• Strong fourth quarter sees space turnover on the Frankfurt office market climb over 500,000 sqm once more
• Rental volumes 11% over ten-year average
• Banks and financial services strongest rental group in 2012 despite all the uncertainties on the financial markets
http://www.cushwake.com/
7 Jan, 2013, Frankfurt
• Strong fourth quarter sees space turnover on the Frankfurt office market climb over 500,000 sqm once more
• Rental volumes 11% over ten-year average
• Banks and financial services strongest rental group in 2012 despite all the uncertainties on the financial markets
http://www.cushwake.com/
Monday, January 7, 2013
Chile: Growth surprised up in November
Chile: Growth surprised up in November
Gustavo Arruda - Market Economics
Latam Macro Snapshot | 07 Jan 2013 18:09 |
The monthly proxy for real GDP, Imacec, advanced 5.5% y/y in November. This is above our forecast (5.1%) and the median estimate from the Bloomberg survey (5.2% y/y). On a 3-month moving average basis, growth decelerated to 5.7% y/y from 6.0% y/y. In monthly terms, economic activity expanded 1.3% m/m s.a. in November. Our forecast looked for more modest expansion (0.4% m/m s.a.).
Gustavo Arruda - Market Economics
Latam Macro Snapshot | 07 Jan 2013 18:09 |
The monthly proxy for real GDP, Imacec, advanced 5.5% y/y in November. This is above our forecast (5.1%) and the median estimate from the Bloomberg survey (5.2% y/y). On a 3-month moving average basis, growth decelerated to 5.7% y/y from 6.0% y/y. In monthly terms, economic activity expanded 1.3% m/m s.a. in November. Our forecast looked for more modest expansion (0.4% m/m s.a.).
Saturday, January 5, 2013
The 100 Top-Performing Large Hedge Funds
The 100 Top-Performing Large Hedge Funds
By Bloomberg Markets & Bloomberg Rankings - Jan 4, 2013
Bloomberg Markets Magazine
The February 2013 issue of Bloomberg Markets magazine contains our annual rankings of the world's richest hedge funds. The following 100 comprise our list of best-performing hedge funds managing $1 billion or more. Our rankings are based on data compiled by Bloomberg specialist Anibal Arrascue and information supplied by hedge-fund research firms, hedge funds and investors. Assets and returns are for the 10 months ended on Oct. 31, 2012. Click here for a PDF and here for the accompanying story.
http://www.bloomberg.com/news/2013-01-03/the-100-top-performing-large-hedge-funds.html
By Bloomberg Markets & Bloomberg Rankings - Jan 4, 2013
Bloomberg Markets Magazine
The February 2013 issue of Bloomberg Markets magazine contains our annual rankings of the world's richest hedge funds. The following 100 comprise our list of best-performing hedge funds managing $1 billion or more. Our rankings are based on data compiled by Bloomberg specialist Anibal Arrascue and information supplied by hedge-fund research firms, hedge funds and investors. Assets and returns are for the 10 months ended on Oct. 31, 2012. Click here for a PDF and here for the accompanying story.
http://www.bloomberg.com/news/2013-01-03/the-100-top-performing-large-hedge-funds.html
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