Over My Shoulder

Alexander Ineichen: IR&M Flash Update, Nov. 24

By John Mauldin

November 24, 2014

Flash update summary

Global economy: Overall, average GDP is positive and stable at around 2.1%. Japan is in recession. (page 1)
Industry production: US surprises negatively. (page 2)
PMI: Preliminary PMIs were reasonably stable and above 50 on average. (pages 3-4)
Business sentiment: Business sentiment has reversed and is now positive. (page 5)
Europe: Europe is approaching resistance, not from Putin, but from 350 level. (page 6)
Eurozone: Minor uptick, but no reversal of negative trend. (page 7)
Germany: Ditto. (pages 8-9)
Switzerland: Ditto. (page 10)
Financial risk: Financial risk has risen. Macro risk remains elevated and skew in index options is very high. (page 11)

Download - IRM_Flash_Update_2014_Nov_24.pdf

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