The S&P 500 SPYETF rallied 6.83% in the month of July. Below is a table highlighting the performance of key ETFs across all asset classes in July (as well as YTD and over the last week). Interestingly, largecaps here in the US outperformed smallcaps, which usually isn't the case during rallies. Growth and value both performed about the same, while Materials, Industrials, and Energy were the best performing sectors. Globally, Italy (EWI) did the best in July with a gain of 18%. France (EWQ) and the UK (EWU) came in second and third with gains of 14.5%. India (.....
Italy (ETF: EWI) finds itself in political turmoil this morning after PM Silvio Berlusconi dramatically split with a former ally, putting the country at risk of early elections. Berlusconi accused Gianfranco Fini, the powerful speaker of the lower house of parliament, of being a traitor and of trying to administer a "slow death" to their party. Post your comment!
Wood processing companies will benefit from a small- and medium-sized enterprises development programme funded by Italy, a conference heard in HCM City yesterday.
Every time there is a little blip by China in its purchasing or holding of US treasuries, hyperinflationists come out of the woodwork ranting about the "Nuclear Option" of China dumping treasuries en masse.
Such fears are extremely overblown for several reasons.
1. China's purchasing of US assets is primarily a balance of trade issue. If the US runs a trade deficit, some other countries ruin a trade surplus and thus accumulate dollars. This is purely a mathematical function as I have pointed out many times.
2. If China dumps treasuries for Euro-based assets, oil-based assets, yen-based assets or for that matter anything other than dollar based assets, the problem merely shifts elsewhere and those buyers would have to do something with the dollars.....
CATANIA, Italy, July 30 /PRNewswire-FirstCall/ -- The partners in a new publicly-funded European research project today announced details of the multinational/multidisciplinary program: 'CSI: Central Nervous System Imaging.' This three-year ENIAC (European Nanoelectronics Initiative Advisory Council
Bill Gross usually writes an interesting column provided you skip over the first few paragraphs of introduction. His August Investment Outlook regarding population demographics is no different. Please consider Private Eyes.
Our modern era of capitalism over the past several centuries has never known a period of time in which population declined or grew less than 1% a year. Currently, the globe is adding over 77 million people a year at a pace of 1.15% annually, but slowing.
Observers will point out, as shown in the following chart, that global population growth rates have been declining since 1970 with no apparent ill effects. True, until 2008, I suppose. The fact is that since the 1970s we have never really experienced a secular period during which the private market could effectively run on its own engine without artificial asset price stimulation......
BANGKOK: Thai Union Frozen Products pcl, the owner of the "Chicken of the Sea" canned tuna brand, said yesterday it would buy MW Brands Holdings SAS for US$884 million (US$1 = RM3.19) to become the world's biggest seafood firm.
TUF is already the world's largest canned tuna maker, while France-based MW has brands such as canned fish producer John West and canned tuna producer Petit Navire.
"MWB's strong European footprint will provide us with further business opportunities in the future through a strong customer base, distribution and brand leadership," TUF president Thiraphong Chansiri said.
MW was formerly part of HJ Heinz Co and is being sold by Trilantic Capital Partners, the former private-equity arm of Lehman Brothers,.....
SCOTTSDALE, Ariz., July 28 /PRNewswire/ -- Discover the World Marketing has been instrumental in helping Spanair expand its international sales and marketing with new representation in Belgium, Israel, Italy, Luxembourg, Netherlands and United Kingdom.
(Logo: http://photos.prnewswire.com/prnh/201006
Below we have run a number of foreign ETFs through our trading range screen. Most ETFs represent the equity markets of individual countries, but various emerging market ETFs are included as well. Global equities have done exceptionally well in the month of July, and all but 3 of the 30 ETFs highlighted below are currently trading in overbought territory. The only three not currently overbought are Canada (EWC), Japan (EWJ), and Switzerland (EWL). Belgium (EWK), Austria (EWO), the UK (EWU), and
BOLOGNA, Italy, July 27, 2010 /PRNewswire/ --
- Transaction Pursued With a Medium/Long Term Investment Perspective,
Which Will Contribute to the Improvement of Herambiente's Leadership in the
Environment Business at a Nationwide Level
Hera Group and a company controlled by EISER Infras
SINGAPORE: Apple's iPhone will likely dominate the high-end smartphone market in the next five years but faces strong competition from handsets using Google's Android platform, a research firm said yesterday.
By 2015, total mobile application downloads in the Asia-Pacific are forecast to reach 5.30 billion, of which 597.15 million, or about 11 per cent, will be for the iPhone, technology industry consultancy Ovum said.
Downloads of iPhone applications are estimated at US$62.16 million (US$1 = RM3.19) in 2010, Ovum said in an analysis released four days before the launch of the new-generation iPhone 4 in another 17 countries and cities worldwide on Friday.
The iPhone 4 is expected "to face much stiffer competition than its predecessors", Ovum principal analyst Adam Leach said in a statement.
"The rise of Google Android over the
Euro banks rallied nicely on Monday after results of the EU's stress test indicated there are essentially no problems in the European banking system. The stress tests have been heavily criticized as a whitewash and a cynical PR maneuver, however. Nevertheless, rallies in bank stocks are continuing today on earnings reports from UBS (UBS), Deutsche Bank (DB), Societe Generale (SCGLY.PK) and Credit Agricole (CRARY.PK).
Of the 91 EU banks analyzed for the stress tests, only seven failed - five in Spain, one in Germany and only one in Greece. No bank in Portugal
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