JPM: "The global economy is losing momentum."

Market news

31 May 2011

JPM: "The global economy is losing momentum."

"After an above-trend 3.1% annualized gain last quarter, real global GDP growth is expected to downshift to a below-trend pace of 2.6% in the current quarter, a downward revision of 0.3%-pt since last week. This deceleration owes to a sharp downshift in global industry. Weak April

production releases from the US and China were followed by weak readings across EM Asia. Momentum looks likely to have slipped further in May as large declines in US regional business surveys complement the 3pt drop in the flash Euro area manufacturing PMI."

European session: The euro pared monthly loss

FTSE +0.92% 5,994, CAC +1.50% 4,002, DAX +1.99% 7,303

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.