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International Capital Market Review


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These publications do not replace advice that should be provided pursuant to customer needs.

Weekly Review - May 13, 2012
Recap of Last Week’s Key Market Developments

GLOBAL BOND MARKETS

    United States

  • Treasury yields continued sliding.
  • Moody’s said it would downgrade ratings of 100 banks globally.

 

    Europe

  • Yields on 10-year German bunds hit new record lows.

 

FED FUNDS RATES

  • The futures market is predicting the Fed will hold off raising its policy rate until Q4 2014.

 

FOREX

  • The DXY Dollar index rose 1.0%.

 

COMMODITIES

  • The CRB index lost 1.8%.

 

GLOBAL STOCK MARKETS

    United States

  • The European debt crisis kept markets under pressure.
  • JPMorgan and Cisco got pummeled.

 

    Europe

  • News out of Greece, France and Spain left markets mixed.
  • Investors returned to defensive sectors.

 

    Asia Pacific

  • Poor macro data from China led to sharp selloffs.
  • The stock prices of Sony and Panasonic plumbed 30-year lows.

 

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