Progressive Equity Advisors Ltd
January 24, 2012 Comments Off
The Progressive team has decades of financial markets experience across Europe, the Middle East and Asia. We have successfully worked with dozens of asset managers and thousands of investors helping them achieve their strategic and investment objectives.
We offer a broad range of services and access to a select range of investment funds. So whatever your investment aims are, the Progressive team can help you achieve them smarter, faster and better.
Michael A. Young, CFA
Head of Advisory Services
Progressive Equity Advisors
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Contact Details
January 23, 2012 Comments Off
Progressive Equity Advisors Limited
83 Long Lane
London
EC1A 9ET
United Kingdom
Web: http://www.ProgressiveEquityAdvisors.net
Email: Info@ProgressiveEquityAdvisors.net
Tel UK: +44 20 3239 2215
Tel HK: +852 300 85878
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Market Commentary 17th May 2013 – Update
May 17, 2013 Comments Off
United States Dollar
Another round of weaker than forecast data saw the Dollar weaken a little yesterday afternoon. While the broader rally holds and the Dollar remains stronger, recent data has dented confidence and perhaps dampened expectations that the FED will be too quick in scaling back its bond buying programme. A 30-year UK bond offering was well received though the average yield demanded was up a little at 3.29%. Most focus was on European and US data.
Nearly all key US data disappointed yesterday. Probably the most relevant from a FED-action perspective were the unemployment claims and CPI figures. Data showed unemployment climbed by 360k last week, against expectations of 332k. Meanwhile, CPI fell from 1.5% YoY to 1.1%. Yesterday’s poor manufacturing and industrial production releases were affirmed by a shockingly bad Philly Fed release of -5.2, down from 1.3 and significantly below expectations. Only building permits posted well, but were not enough to counteract the other poor data.
