Waseda Financial Investment Team 28th November 2011.
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Transcript of Waseda Financial Investment Team 28th November 2011.
Waseda Financial Investment Team
28th November 2011
Market Recap (Week of 24th Nov)
Europe uncertainty
Germany auction raised less than 2/3 (3.6bn/6bn) Italy 3 year bond >8% !! 6 mths bond at 6.5% vs 3.35% (Oct), bi
d to cover 1.47 from 1.57CDS protection rose to new highs (US and Europe banks)
UniCredit rose 43bp to 622bpSpread over German bonds
>60bps for Finland and Netherland, 155bps France, 480 Italy, 945 Portugal
2554 GreeceEurope recession? New orders decrease 6.4%Germany PMI 47.9 vs 49.1
Market Recap (Week of 24th Nov)
Asia
China PMI slow to 48 from 51 Japan CPI -0.1% (+0.2% sept)S&P getting close to downgrade Japan's bond rating
Company
Samsung in talks with google to launch TV (surf web)
Ren ren (-7%) with downgrade due to worries on lack of differentiation among Chinese social network sites (down 74% from IPO price)
AT&T and T-mobile deal failed
Commodities
Metals down
Palm oil orders cancelled on China
Oil price rose on Iran boycott fears but fell on growth fears
Currency
Yen weakened to 77.72
Euro retreat