Passionate about investing

Broadgate: Market News 19/3

19 March 2012

Figures this week will be important indicators as to whether the global economy can continue to recover. Data has been more positive recently, including signs of stability in Europe and economic growth in America. Analysts will be examining closely the likelihood of this trend progressing.

The Australian dollar climbed against 14 of its 16 major peers yesterday amid speculation that the world economy is strengthening. Asian stocks rose for a fifth day running, and European equity futures gained. Economic data revealed that South Korean department sales rose and consumer confidence in New Zealand improved.

Oil gained 0.1 percent to $107.20 a barrel. This comes after signs that demand is rising after Saudi Arabian crude output approached the highest level in at least 31 years.
Later today Apple Inc. (AAPL) is due to discuss its $97.6 billion in cash and investments in a conference call. Apple has seen surging demand for its products, such as the iPhone and iPad., which has led to investors urging the company to return some of the balance in the form a dividend. It may announce a quarterly dividend of $2 a share.

Data today may add to evidence of a recovery in the U.S. construction industry. The National Association of Home Builders / Wells Fargo index of builder confidence is likely to have climbed in March to the highest level since May 2007, according to economists. This would be the sixth successive advance, the best performance since 1995.

Other reports this week may show U.S. home purchases climbed in February to the highest level in almost two years, adding to signs of stabilization in the real-estate market.

The information set out herein has been obtained from various public sources and is by way of information only. Broadgate Financial can accept no liability of any sort in relation thereto and readers should obtain their own verification of any statement before making any decision which may have any financial or other impact.

Neither the information nor the opinions herein constitute, or are they to be construed as, an offer or a solicitation of an offer to buy or sell investments.