Tuesday, 5 March 2013

Market summary: February


The inconclusive election result in Italy is a meaningfully negative event. Image by Gnuckx
  1. Markets became more discerning in February as corporate performances diverged
  2. The US and Asia provided the best returns in February
  3. The European earnings season paled by comparison with that of the US
  4. Political risks look set to dominate in March
  5. In the US the magnitude of the issues may force progress
  6. Even the central bankers are humbled by Italy’s democratic voice
  7. Investors have not yet embraced the equity side of the 'great rotation' yet
  8. The siren's call of higher yields and attractive economic fundamentals attracts cash to the emerging markets

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