Waseda Financial Investment Team 28th November 2011.
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Transcript of Waseda Financial Investment Team 28th November 2011.
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Waseda Financial Investment Team
28th November 2011
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Market Recap (Week of 24th Nov)
Europe uncertainty
Germany auction raised less than 2/3 (3.6bn/6bn) Italy 3 year bond >8% !! 6 mths bond at 6.5% vs 3.35% (Oct), bi
d to cover 1.47 from 1.57CDS protection rose to new highs (US and Europe banks)
UniCredit rose 43bp to 622bpSpread over German bonds
>60bps for Finland and Netherland, 155bps France, 480 Italy, 945 Portugal
2554 GreeceEurope recession? New orders decrease 6.4%Germany PMI 47.9 vs 49.1
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Market Recap (Week of 24th Nov)
Asia
China PMI slow to 48 from 51 Japan CPI -0.1% (+0.2% sept)S&P getting close to downgrade Japan's bond rating
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Company
Samsung in talks with google to launch TV (surf web)
Ren ren (-7%) with downgrade due to worries on lack of differentiation among Chinese social network sites (down 74% from IPO price)
AT&T and T-mobile deal failed
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Commodities
Metals down
Palm oil orders cancelled on China
Oil price rose on Iran boycott fears but fell on growth fears
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Currency
Yen weakened to 77.72
Euro retreat