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wallstreetcalle

Markets 23rd August 2016

Why are US markets at record highs while European bourses remain in the doldrums?

The main US stock indices (S&P 500 and the Nasdaq) are at record highs while the European bourses have lost over 10% in the year to date. And that’s despite the fact that they recovered almost all of their ‘Brexit’ losses in July. Such a disparate performance is not because US corporate profits have been better, as you might expect, but is due to other factors associated with more solid economic growth, a healthy jobs market and inflation-related gains.

 

ChinaTC

Markets 18th August 2016

Shenzhen-Hong Kong Stock Connect: what you need to know

Wang Yuqian via Caixin | It will be another four months before the much-anticipated Shenzhen Hong Kong stock connect system finally goes online and provides another bridge between the mainland and the offshore stock markets. The stock exchanges in Shenzen and Hong Kong jointly made an announcement yesterday, providing investors with some details of how the system is going to work.

 

Brexit VintageTC

Markets 9th August 2016

Brexit: the market impact is lessening

The impact of Brexit on the markets has gone through different stages. There was the initial upheaval in the wake of the referendum result, which had its maximum effect on June 24 when the Ibex recorded its biggest ever fall. And now the stock market and European public debt yields have recovered to pre-Brexit levels.

The average weighted PER ratio is 18,2x (up 11.8% from end-2015)

Markets 8th August 2016

August 2016: assisted recovery

José A. Santos (Patrivalor) | The value of the 60 Spanish companies listed on the stock market stood at 536.499 billion euros at end-July 2016, down 9.0% from end-2015, Patrivalor says.

BBVA2

Ibex 4th August 2016

BBVA Q2’16 results beat estimates

Norbolsa | After a disappointing first quarter performance, BBVA’s second quarter 2016 results beat estimates, showing a good performance across the board.