Market Updates

NEWTON ROSS - Economic & Market Summary September 2011
The current European debt crises should never have been allowed to perpetuate to this extent. Collectively Eurozone country debt levels are similar to the US (82% of GDP), which is high but not unmanageable. So the real problem in Europe is the distribution of their debt and the political desire of stronger countries to assist weaker the ones. Greece, Ireland, Portugal and to a lesser extent Spain and Italy have been under excessive foreign debt pressure for years, particularly since 2008. [more] [View PDF]
Friday 30 September 2011

NEWTON ROSS - Economic & Market Summary June 2011
Global growth came in at 4.3% annualized in the first quarter. Second quarter (June) global growth is softer and likely to be 3.5% annualized. The IMF is now forecasting 2011 growth at 4.3%.... [more] [View PDF]
Thursday 30 June 2011

NEWTON ROSS - Economic & Market Summary March 2011
Despite the devastation of the Japanese earthquake, the nuclear reactor disaster and the ongoing rising tensions in the Middle East and North Africa, the global economic recovery remains intact. This quarter we look at the global drivers for a continuation of this recovery and the risks for derailment. Closer to home, we take the same snapshot for New Zealand. [more] [View PDF]
Thursday 31 March 2011

NEWTON ROSS - Ecomonic & Market Summary Dec 2010
While it is easy to be critical of the financial mess advanced economies have gotten themselves into over the last 10 years with excessive leverage, asset inflation and non-productive resource allocation, the global policy response to the Great Financial Crises over the last three years has gone just about as well as it could have. [more] [View PDF]
Friday 31 December 2010

NEWTON ROSS - Economic & Market Summary September 2010
The IMF has recently revised down its global growth forecasts to +4.25% in 2010 and +4.2% in 2011. These are still strong numbers showing the global recovery is well underway and on track. Emerging countries, particularly China, Asia ex-Japan and South America lead the way in growth underpinning the recovery which remains weakest in Europe and Japan. [more] [View PDF]
Thursday 30 September 2010

NEWTON ROSS Economic and Market Summary June 2010
Global share markets fell -13.3% in the June quarter suffering their worst quarter performance since the Lehman Brothers collapse in 2008. This decline extends losses back to October 2009. Commodity indexes fell -7% and lower quality bonds were also impacted (-7 to -15%) globally. Only higher quality bonds and currencies rallied as money sought safer assets. [more] [View PDF]
Wednesday 30 June 2010

NEWTON ROSS Economic and Market Summary March 2010
During the March quarter, we saw what was the spark of economic recovery in late 2009, fully ignite with economic growth returning although unevenly, right across the world. The bounce from the depths of recession and near depression in 2008/9 has been remarkable and only achieved by massive global Government intervention supported by resilient leadership growth from China, India and other champion emerging nations. [more] [View PDF]
Wednesday 31 March 2010