Cyrrus (Cyrrus)
Markets  |  August 24, 2012 10:52:36

Joint Stock breakfast 24.08 - China's economy, Merkel / Samaras, macro


Overview of key messages for Friday, the 24th August 2012

USA  

Ends earnings season

ASIA

HSBC lowers estimate of growth of the Chinese economy

EUROPE

Today Samaras meeting Merkel x

SUPERSPAD

Apple

COMMODITIES

x

Upcoming Events

10:30 UK GDP
11:45 Meeting Merkel x Samaras
13:30 Meeting of the Spanish Government, followed by a press conference
14:30 U.S. durable goods orders

USA

  • Yesterday U.S. markets closed in negative territory mainly because of poorer data from the labor market and skepticism that the solution to the situation in the euro area is developing very slowly. The main stock indices ended as follows: S & P -0.81%. Nasdaq -0.88%, Dow Jones -0.66%.

Results season:

  • Already odreportovalo 490 of 500 firms
  • 71.5% on earnings surprise
  • But only 41% of sales
  • Generally best turned out telecommunications and pharmaceuticals (defensive)
  • Worst contrary, utilities and industrial companies (including construction materials)

ASIA

  • The decline in European markets, mainly due to
  • HSBC lowers growth estimate of China's economy from 8.4% to 8%
  • 2 Dallas Fed economists said that China overestimates the data on industrial production
  • China is considering to support the economy by promoting the real estate market

EUROPE

Meeting Merkel x Hollande:

  • They will coordinate its position towards Greece
  • Will they continue to put pressure
  • Must meet its obligations
  • It will wait for the Troika report in September
  • Hollande: We want Greece in the euro area, but it is the Greeks
  • Hollande: We want a faster method to create bank Union

SUPERSPAD

Apple:

  • In South Korea, Samsung and Apple must stop selling some products and pay fines to each other in dozens of one thousand U.S. dollars
  • Struggling for the patent
  • Apple: 4 products (such as iPhone 4, iPad 2)
  • Samsung: 12 products (Galaxy S II, Galaxy Tab)
  • The Court goes on 4 continents

Recommendation:

  • Henkel received initial recommendation "hold" from Baader Bank
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October 05, 2012Joint Stock breakfast 10.05 - Greece, macro Cyrrus (Cyrrus)

Akciová snídaně 24.8. - čínská ekonomika, Merkelová/Samaras, makro

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