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GAM AG

Weekly Economic Wrap-up

This week's thought-provokers for investors

(PresseBox) (Zürich, )
All equity markets had a positive week, except for Japan, though with rather low trading volumes. A better-than-expected start to the earnings season is helping to off set the macroeconomic concerns of investors. Government bond markets continued to accentuate the diff erence between core and peripheral markets, with Spain still paying close to 7% interest for 10-year bonds and short-term yields for Germany, the Netherlands and Switzerland in negative territory. Crude oil is back above USD90/bbl and gold is trading above USD1580/oz.

Finland joined the "club" of eurozone countries not having to pay to borrow money, with the Finnish 2-year crpxb jeupcytb og mngw tjui ikyq.

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