Wall Street Webcasting Presents: Wells Fargo Securities: “Geopolitical Tensions Cool Down but Growth Concerns in Europe Hea...
21 August 2014 - 12:56AM
Business Wire
Wall Street Webcasting has prepared and provided for you an
exclusive broadcast of Wells Fargo Securities own, Rich Gordon.
Gordon is highly recognized for his weekly narrates regarding the
fixed income strategy at Wells Fargo Securities (NYSE:WFC).
This week, Gordon turns his attention to the mixed global economic
news.
There has been some burdens on aggregate global demand. During
the second quarter in the Eurozone, GDP growth was close to zero,
and the year over year growth rate fell to .7%. Both CPI and Core
CPI in the Eurozone are still below 1%. Perhaps the most troubling
piece of economic indications is that Germany is the powerhouse of
Europe, and its annualized growth rate fell to 1.2% during the
second quarter. It may take a few more concerning economic reports
for leaders to realize that they must amend the tightly bound
monetary strings in the EU in order to save it from a deeper
recession.
There has been a recent vigor in the U.S. dollar and a
deficiency in broad commodities indices. The dollar has been
trading higher and commodities prices have been decreasing over the
course of the summer. The Commodity ETF has dropped over 8 % since
June.
On the up side, the conflict in Gaza seems to be coming to an
end. Russia’s position to support the separatists in the Ukraine
appears to be shifting and forces in the Ukraine have reclaimed
some of the territory that was solicited by the separatists. With
assistance of U.S. air strikes, Iraqi forces have re-taken targets
from Isis.
To hear a more in depth explanation of the daunting condition of
the Eurozone and the global effects that this could have, please
tune into Wells Fargo’s latest video.
Please visit the following link to view the video:
http://www.wsw.com/webcast/wav/
Wall Street WebcastingHeather Capizzi, 201-683-2100
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