Capital Eyes on the Market – Monday 24th December 2012

Capital Eyes is brought to you a day early this week – we felt that moving CE from Christmas Day to the day before showed great PRESENTS of mind…Sorry – no more bad pun jokes….this year..
We take a look at some of the recent activity and events taking place in the UK and globally. For a more in-depth insight into how things may impact on your own financial planning priorities, please do get in touch. Enjoy a financial conversation as part of your regular financial planning review at SewellBrydenGunn…

FTSE FUTURES at 5900.50 down 0.03% (07:24am 24 Dec 2012)…

US Financial Accounting Standards Board set to impose tough new set aside rules for covering bad loans….

The 2nd largest independent metals trader Trafigura makes nearly USD 1bn & moves to Singapore from Switzerland…

Reports of large amounts of cash holdings “sitting on the sidelines” especially in US waiting to see more stability in the markets in 2013….

Analysts reported to be expecting China GDP growth of 7.5% to be achievable….

Obama looks to a slimmed budget package as the end of year fiscal deadline appraoches…

Insurer Aviva set to sell its US arm Aviva USA for less than half its book value in efforts to bolster solvency…..

UK home prices reported as still falling…

Some retail food stores taken by surprise by last minute demand over the weekend – depleted displays….

Surge in food prices reflects bad weather story for 2012 and the effect on agricultural production….

Wheat is the most important commodity for global food security and the cost of wheat is up nearly 30 per cent in 2012. This is reported to be a concern to industry experts: climate change and years of underinvestment in farming and the impact on overall supply and pricing….

Individual Charitable Giving is reported to be down in 2012. It is not clear whether 2013 will show a better climate for individual giving, which accounts for a major part of Giving. In contrast the markets are expecting pent up hoarded cash (institutional and private) to be brought out for investment opportunities in 2013 as improving stability is expected. The hope is that a better feeling of well being and outlook for individual prospects will encourage a return to previous Giving levels….

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