Market Briefing: Gold
|
|
- Mary Cook
- 7 years ago
- Views:
Transcription
1 Market Briefing: Gold October 4, 216 Dr. Edward Yardeni Mali Quintana Please visit our sites at www. blog. thinking outside the box
2 Table Of Contents Table Of Contents Gold Price 1 Gold Price: Nominal & Real 2 Gold vs. Dollar 3 Gold & Commodity Prices 4-5 Gold & PPI Inflation 6 Gold & CPI Inflation 7 Gold, Dollar, & Political Cycle 8 Gold Price and US Federal Deficit & Debt 9 Gold Price & Central Banks 1 Relative Gold Price Gold Price vs TIPS Yields 14 Gold Price 15 October 4, 216 / Market Briefing: Gold www.
3 Gold Price Figure 1. GOLD PRICE* IN DOLLARS (daily, ratio scale) 1/ GOLD PRICE* IN EUROS (daily, ratio scale) 1/ GOLD PRICE* IN POUNDS (daily, ratio scale) 1/ GOLD PRICE* IN YEN 1/ day moving average Source: Haver Analytics. 2 Page 1 / October 4, 216 / Market Briefing: Gold www.
4 Figure 2. GOLD PRICE* (dollars per ounce, ratio scale) Gold Price: Nominal & Real 1/ day moving average Source: Haver Analytics. 1 Figure 3. GOLD PRICE*: NOMINAL vs. REAL Gold Price/CPI Gold Price Aug CPI = 1 on Source: US Department of Labor, Bureau of Labor Statistics and Haver Analytics. Page 2 / October 4, 216 / Market Briefing: Gold www.
5 1 1 Figure 4. FOREIGN EXCHANGE VALUE GOLD PRICE* (trade-weighted dollars per ounce, weekly) Gold vs. Dollar 1 1 6/ * Gold spot price times JP Morgan trade-weighted dollar. Source: Haver Analytics and JP Morgan Figure 5. GOLD PRICE & THE DOLLAR (weekly) (dollars per ounce) JP Morgan Nominal Broad Effective Exchange Rate** (21=1) /3 1/ * Cash price London gold bullion, PM Fix. ** Argentina, Australia, Brazil, Bulgaria, Canada, Chile, China, Colombia, Croatia, Czech Republic, Denmark, Ecuador, Egypt, France, Germany, Hong Kong, Hungary, Japan, India, Indonesia, Israel, Italy, Korea, Kuwait, Malaysia, Mexico, Morocco, New Zealand, Nigeria, Norway, Pakistan, Panama, Peru, Philippines, Poland, Romania, Russia Saudi Arabia, Singapore, South Africa, Spain, Sweden, Switzerland, Taiwan, Thailand, Turkey, United Kingdom, Ukraine, Uruguay, Venezuela, Vietnam, and United States. Source: Haver Analytics and JP Morgan. Page 3 / October 4, 216 / Market Briefing: Gold www.
6 Figure 6. GOLD PRICE & INDUSTRIALS COMMODITY PRICE INDEX Gold & Commodity Prices (dollars per ounce) CRB Raw Industrials Spot Price Index** (1967=1) / * Cash price London gold bullion, PM Fix. ** Includes copper scrap, lead scrap, steel scrap, tin, zinc, burlap, cotton, print cloth, wool tops, hides, rosin, rubber, and tallow. Source: Haver Analytics and Commodity Research Bureau Figure 7. GOLD & INDUSTRIAL METALS PRICES (weekly) (dollars per ounce) CRB Industrial Metals Spot Price Index** (1967=1) 1/ / ** Includes copper scrap, lead scrap, steel scrap, tin, and zinc. Source: Haver Analytics and Commodity Research Bureau. Page 4 / October 4, 216 / Market Briefing: Gold www.
7 Figure 8. GOLD PRICE & LIGHT CRUDE OIL PRICES (weekly) Gold & Commodity Prices (dollars per ounce) CRB Futures: Light Crude Oil (dollars per barrel) / Source: Haver Analytics and Commodity Research Bureau Figure 9. GOLD & CRB FUTURES PRICES (weekly) (dollars per ounce) CRB Futures Price Index (1967=1) /4 1/ Source: Haver Analytics and Commodity Research Bureau. Page 5 / October 4, 216 / Market Briefing: Gold www.
8 Figure 1. GOLD PRICE & PPI Gold & PPI Inflation (dollars per ounce) Producer Price Index (yearly percent change) Dec Sep Source: Haver Analytics and US Department of Labor, Bureau of Labor Statistics Figure 11. GOLD PRICE & PPI (dollars per ounce) Producer Price Index Ex Food & Energy (yearly percent change) Dec Sep Source: Haver Analytics and US Department of Labor, Bureau of Labor Statistics. Page 6 / October 4, 216 / Market Briefing: Gold www.
9 Figure 12. GOLD PRICE & CPI INFLATION Gold & CPI Inflation (dollars per ounce) ( ) Consumer Price Index (yearly percent change) (1.9) Sep Aug Source: Haver Analytics and US Department of Labor, Bureau of Labor Statistics Figure 13. GOLD PRICE & CPI (dollars per ounce) Consumer Price Index Ex Food & Energy (yearly percent change) Sep Aug Source: Haver Analytics and US Department of Labor, Bureau of Labor Statistics. Page 7 / October 4, 216 / Market Briefing: Gold www.
10 Gold, Dollar, & Political Cycle Figure 14. Nixon Ford Carter Reagan Bush I Clinton Bush II Obama GOLD PRICE* (dollars per ounce, ratio scale) 1/ * Cash price, London gold bullion, PM Fix. Source: Haver Analytics Figure 15. Nixon Ford Carter Reagan Bush I Clinton Bush II Obama TRADE-WEIGHTED DOLLAR (weekly) / Source: Haver Analytics. 6 Page 8 / October 4, 216 / Market Briefing: Gold www.
11 Gold Price and US Federal Deficit & Debt 15 Figure 16. GOLD PRICE vs. US FEDERAL DEFICIT Federal Deficit (12-month sum, billion dollars) 15 5 Aug GOLD PRICE vs. US FEDERAL GOVERNMENT BORROWING 15 1 Federal Borrowing (as a percent of nominal GDP) Sep GOLD PRICE vs. US FEDERAL DEBT Federal Public Debt Outstanding (as a percent of nominal GDP) Q Source: US Treasury Department, Board of Governors of the Federal Reserve System, and Flow of Funds. Page 9 / October 4, 216 / Market Briefing: Gold www.
12 Gold Price & Central Banks Figure 17. GOLD PRICE vs. US TREASURIES & AGENCIES HELD BY CENTRAL BANKS 9/ (US dollars per ounce) US Treasuries & Agencies Held By Fed + Foreign Central Banks (trillion dollars, nsa) 1/ Source: Federal Reserve Board and Haver Analytics Figure 18. US TREASURIES & AGENCIES HELD BY FED AND US COMMERCIAL BANKS 9/ (US Dollar/Troy Ounce) Fed + US Commercial Banks (billion dollars, nsa) 9/ Source: Federal Reserve Board and Haver Analytics. Page 1 / October 4, 216 / Market Briefing: Gold www.
13 Relative Gold Price Figure 19. GOLD PRICE* RELATIVE TO S&P 5 9/ Source: Standard & Poor s Corporation and Wall Street Journal Figure 2. S&P 5 RELATIVE TO GOLD PRICE* / Source: Standard & Poor s Corporation and Wall Street Journal. Page 11 / October 4, 216 / Market Briefing: Gold www.
14 Relative Gold Price 9 Figure 21. GOLD PRICE* RELATIVE TO EXISTING HOME PRICES Gold Price/Average Existing Home Prices Aug Source: Wall Street Journal and National Association of Realtors Figure 22. GOLD PRICE* RELATIVE TO CRB PRICE INDEXES Relative to CRB Futures Price Index Relative to CRB Raw Industrials Spot Price Index /3 1/ Source: Commodity Research Bureau and Wall Street Journal. Page 12 / October 4, 216 / Market Briefing: Gold www.
15 1.4 Figure 23. Relative Gold Price GOLD CASH PRICES* RELATIVE TO PLATINUM CASH PRICES 1.4 9/ Source: Standard & Poor s Corporation and Wall Street Journal. 225 Figure 24. GOLD PRICE* RELATIVE TO SILVER CASH PRICES / Source: Standard & Poor s Corporation and Wall Street Journal. Page 13 / October 4, 216 / Market Briefing: Gold www.
16 Figure 25. GOLD PRICE & 1-YEAR TIPS YIELD Gold Price vs TIPS Yields (dollars per ounce) (1283.3) 1-Year TIPS Yield (percent, inverted scale) (.) /3 1/ Source: Board of Governors of the Federal Reserve System Figure 26. GOLD PRICE & 5-YEAR TIPS YIELD (dollar per ounce) 5-year TIPS Yield (inverted scale) / Source: Board of Governors of the Federal Reserve System. Page 14 / October 4, 216 / Market Briefing: Gold www.
17 Figure 27. GOLD CASH PRICE (dollars per troy ounce) Gold Price D A Price (1283.3) / day moving average D = On July 26, 212, ECB President Mario Draghi pledged to do "whatever it takes" to defend the euro. A = On April 4, 213, Bank of Japan implemented "Abenomics" monetary policy. Source: Haver Analytics. Figure 28. GOLD PRICE & FED S MAJOR TRADE-WEIGHTED DOLLAR INDEX * (dollars per ounce) Fed s Major Trade-Weighted Dollar Index* (March 1973=1) 1/ / * Index is the weighted average of the foreign exchange rates of the US dollar against the Euro Area, Canada, Japan, United Kingdom, Switzerland, Australia, and Sweden. The Euro Area includes Germany, France, Italy, Netherlands, Belgium/Luxembourg, Ireland, Spain, Austria, Finland, Portugal, & Greece. ** Cash price, London gold bullion, PM Fix. Source: Haver Analytics. Page 15 / October 4, 216 / Market Briefing: Gold www.
18 Copyright (c) 216. All rights reserved. The information contained herein has been obtained from sources believed to be reliable, but is not necessarily complete and its accuracy cannot be guaranteed. No representation or warranty, express or implied, is made as to the fairness, accuracy, completeness, or correctness of the information and opinions contained herein. The views and the other information provided are subject to change without notice. All reports posted on blog., and YRI s Apps for ipads and iphones are issued without regard to the specific investment objectives, financial situation, or particular needs of any specific recipient and are not to be construed as a solicitation or an offer to buy or sell any securities or related financial instruments. Past performance is not necessarily a guide to future results. Company fundamentals and earnings may be mentioned occasionally, but should not be construed as a recommendation to buy, sell, or hold the company s stock. Predictions, forecasts, and estimates for any and all markets should not be construed as recommendations to buy, sell, or hold any security--including mutual funds, futures contracts, and exchange traded funds, or any similar instruments. The text, images, and other materials contained or displayed on any product, service, report, or website are proprietary to and constitute valuable intellectual property. No material from any part of blog., and YRI s Apps for ipads and iphones may be downloaded, transmitted, broadcast, transferred, assigned, reproduced or in any other way used or otherwise disseminated in any form to any person or entity, without the explicit written consent of All unauthorized reproduction or other use of material from Yardeni Research, Inc. shall be deemed willful infringement(s) of this copyright and other proprietary and intellectual property rights, including but not limited to, rights of privacy. Yardeni Research, Inc. expressly reserves all rights in connection with its intellectual property, including without limitation the right to block the transfer of its products and services and/or to track usage thereof, through electronic tracking technology, and all other lawful means, now known or hereafter devised. reserves the right, without further notice, to pursue to the fullest extent allowed by the law any and all criminal and civil remedies for the violation of its rights. The recipient should check any and any attachments for the presence of viruses. accepts no liability for any damage caused by any virus transmitted by this company s s, website, blog and Apps. Additional information available on request. requests@
Market Briefing: S&P 500 Revenues & the Economy
Market Briefing: S&P Revenues & the Economy December 14, 2 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationGlobal Economic Briefing: Global Inflation
Global Economic Briefing: Global Inflation August 7, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Mali Quintana -- aquintana@ Please visit our sites at www. blog. thinking outside the
More informationPerformance 2016: Global Stock Markets
Performance 216: Global Stock Markets July 22, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationMarket Briefing: Emerging Markets Stocks, Bonds, & Currencies
Market Briefing: Emerging Markets Stocks, Bonds, & Currencies September 5, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit
More informationPerformance 2013: Global Stock Markets
Performance 213: Global Stock Markets January 4, 214 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationPerformance 2015: Global Stock Markets
Performance 21: Global Stock Markets November 12, 21 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationMarket Briefing: Commodity Prices
Market Briefing: Commodity Prices February 9, 2016 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 480-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationStrategist s Handbook: Chart Updates
Strategist s Handbook: Chart Updates August 1, Dr. Edward Yardeni -2-3 eyardeni@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents S&P 1 S&P Earnings, Revenues,
More informationMarket Briefing: Global Interest Rates
Market Briefing: Global Interest Rates January, Dr. Edward Yardeni -97-7 eyardeni@ Debbie Johnson -- djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents
More informationMoney & Credit: Eurozone TARGET2
Money & Credit: Eurozone TARGET2 July 2, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationEnergy Briefing: Global Crude Oil Demand & Supply
Energy Briefing: Global Crude Oil Demand & Supply November 6, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the
More informationPerformance 2016: S&P 500/400/600 Sectors
Performance 216: S&P /4/6 Sectors August 12, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationMoney & Credit: Private Sector Lending by Eurozone MFIs
Money & Credit: Private Sector Lending by Eurozone MFIs July 27, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our
More informationMarket Briefing: S&P 500 Bull & Bear Markets & Corrections
Market Briefing: S&P 0 Bull & Bear Markets & Corrections September 2, 2016 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-5306 jabbott@ Mali Quintana 4-664-1333 aquintana@ Please visit our
More informationMoney & Credit: Eurozone TARGET2
Money & Credit: Eurozone TARGET2 February 5, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents
More informationGlobal Economic Briefing: Central Bank Balance Sheets
Global Economic Briefing: Central Bank Balance Sheets August 11, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking outside
More informationStock Market Briefing: Performance Derby During Bull Markets
Stock Market Briefing: Performance Derby During Bull Markets July 7, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our
More informationMarket Briefing: Corporate Bond Yields
Market Briefing: February 2, 21 Dr. Edward Yardeni 51-72-78 eyardeni@ Joe Abbott 72-47-5 jabbott@ Mali Quintana 48-4-1 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationStock Market Indicators: Historical Monthly & Annual Returns
Stock Market Indicators: Historical Monthly & Annual Returns July 31, 1 Dr. Edward Yardeni 51-97-73 eyardeni@ Joe Abbott 7397-53 jabbott@ Please visit our sites at blog. thinking outside the box Table
More informationUS Economic Indicators: GDP (Nominal & Real)
US Economic Indicators: GDP (Nominal & Real) July 9, Dr. Edward Yardeni -97-78 eyardeni@ Debbie Johnson 8-- djohnson@ Mali Quintana 8-- aquintana@ Please visit our sites at www. blog. thinking outside
More informationHow To Calculate Personal Saving
US Economic Indicators: Personal Saving September 28, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www.
More informationMarket Briefing: Stock Market Valuation Metrics & Models
Market Briefing: Stock Market Valuation Metrics & Models July, 1 Dr. Edward Yardeni 1-97-73 eyardeni@ Joe Abbott 73-97-3 jabbott@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking
More informationGlobal Index Briefing: Germany s DAX
Global Index Briefing: Germany s DAX July, 16 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table
More informationUS Economic Indicators: NFIB Small Business Survey
US Economic Indicators: NFIB Small Business Survey June 1, Dr. Edward Yardeni -972-763 eyardeni@ Debbie Johnson -66-1333 djohnson@ Mali Quintana -66-1333 aquintana@ Please visit our sites at www. blog.
More informationUS Mutual Funds: Weekly New Cash Flows
US Mutual Funds: Weekly New Cash Flows February 1, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@yardeni.com Debbie Johnson 48-664-1333 djohnson@yardeni.com Please visit our sites at blog.yardeni.com thinking
More informationStock Market Indicators: S&P 500 Buybacks & Dividends
Stock Market Indicators: S&P Buybacks & Dividends July 13, 21 Dr. Edward Yardeni 1-972-73 eyardeni@ Joe Abbott 732-97-3 jabbott@ Mali Quintana --1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Economic Briefing: High Frequency Indicators
US Economic Briefing: High Frequency Indicators February 4, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites
More informationStock Market Indicators: Bull and Bear Markets
Stock Market Indicators: Bull and Bear Markets September 2, 2016 Dr. Edward Yardeni 516-72-7683 eyardeni@ Joe Abbott 732-47-5306 jabbott@ lease visit our sites at www. blog. thinking outside the box Table
More informationGlobal Index Briefing: Emerging Markets MSCI
Global Index Briefing: Emerging Markets MSCI August 18, 2016 Dr. Ed Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-306 jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationUS Flow of Funds: Equities
US Flow of Funds: Equities November 17, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-663-1333 djohnson@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog. thinking
More informationUS Mutual Funds Monthly Statistics (Including ETFs)
US Mutual Funds Monthly Statistics (Including ETFs) November, 215 Dr. Edward Yardeni 516-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the
More informationGlobal Economic Indicators: Japan CPI
Global Economic Indicators: Japan CPI June, Dr. Edward Yardeni -97-78 eyardeni@ Debbie Johnson 8-- djohnson@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents
More informationUS Economic Indicators: Corporate Profits in GDP
US Economic Indicators: Corporate Profits in GDP August 9, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Debbie Johnson 48-664-1333 djohnson@ Please visit our sites at www. blog. thinking outside the box
More informationStock Market Indicators: Fundamental, Sentiment, & Technical
Stock Market Indicators: Fundamental, Sentiment, & Technical January 12, 216 Dr. Edward Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Debbie Johnson 48-664-1333 djohnson@ Mali Quintana
More informationStock Market Indicators: Bull/Bear Ratios
Stock Market Indicators: Bull/Bear Ratios December 16, 1 Dr. Edward Yardeni 16-97-7683 eyardeni@ Joe Abbott 73-97-36 jabbott@ Debbie Johnson 8-66-1333 djohnson@ Mali Quintana 8-66-1333 aquintana@ Please
More informationS&P 500 Industry Briefing: Human Resource & Employment Services
S&P 5 Industry Briefing: Human Resource & Employment Services January 29, 216 Dr. Ed Yardeni 516-972-7683 eyardeni@ Joe Abbott 732-497-536 jabbott@ Please visit our sites at www. blog. thinking outside
More informationS&P 500 Industry Briefing: Trading Companies & Distributors
S&P Industry Briefing: Trading Companies & Distributors June, 16 Dr. Ed Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-97-36 jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationS&P 500 Industry Briefing: Life & Health Insurance
S&P Industry Briefing: Life & Health Insurance February 8, 16 Dr. Ed Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationPerformance 2016 S&P 500 Sectors & Industries
Performance 216 S&P Sectors & Industries August 4, 216 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationWorld Consumer Income and Expenditure Patterns
World Consumer Income and Expenditure Patterns 2014 14th edi tion Euromonitor International Ltd. 60-61 Britton Street, EC1M 5UX TableTypeID: 30010; ITtableID: 22914 Income Algeria Income Algeria Income
More informationQuant Briefing: Earnings Surprise Monitor
Quant Briefing: Earnings Monitor August 19, 1 Dr. Ed Yardeni 1-97-783 eyardeni@ Joe Abbott 73-973 jabbott@ Please visit our sites at blog. thinking outside the box Table Of Contents Table Of Contents S&P
More informationAppendix 1: Full Country Rankings
Appendix 1: Full Country Rankings Below please find the complete rankings of all 75 markets considered in the analysis. Rankings are broken into overall rankings and subsector rankings. Overall Renewable
More informationProfit Margins. Yardeni Research, Inc. April 3, 2012. Dr. Edward Yardeni. Mali Quintana. thinking outside the box. 516-972-7683 eyardeni@yardeni.
Profit Margins April, 1 Dr. Edward Yardeni 1-- eyardeni@ Mali Quintana --1 aquintana@ Please visit our sites at www. blog. thinking outside the box Table Of Contents Table Of Contents Pricing & Unit Labor
More informationPerformance 2015 S&P 500 Sectors & Industries
Performance 21 S&P Sectors & Industries November 2, 21 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-36 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www. blog.
More informationValuation: S&P 500 Sectors & Industries Forward P/Es
Valuation: S&P Sectors & Industries Forward P/Es February, 16 Dr. Edward Yardeni 16-972-7683 eyardeni@ Joe Abbott 732-497-6 jabbott@ Mali Quintana 48-664-1333 aquintana@ Please visit our sites at www.
More informationStock Market Briefing: S&P 500 Profit Margins, Sectors & Industries
Stock Market Briefing: S&P Profit Margins, Sectors & Industries February, 1 Dr. Edward Yardeni 1-- eyardeni@ Joe Abbott -- jabbott@ Please visit our sites at www. blog. thinking outside the box Table Of
More informationReporting practices for domestic and total debt securities
Last updated: 4 September 2015 Reporting practices for domestic and total debt securities While the BIS debt securities statistics are in principle harmonised with the recommendations in the Handbook on
More informationGlobal AML Resource Map Over 2000 AML professionals
www.pwc.co.uk Global AML Resource Map Over 2000 AML professionals January 2016 Global AML Resources: Europe France Italy Jersey / Guernsey 8 Ireland 1 Portugal 7 Luxembourg 5 United Kingdom 1 50 11 Spain
More informationGlobal Effective Tax Rates
www.pwc.com/us/nes Global s Global s April 14, 2011 This document has been prepared pursuant to an engagement between PwC and its Client. As to all other parties, it is for general information purposes
More informationForeign Taxes Paid and Foreign Source Income INTECH Global Income Managed Volatility Fund
Income INTECH Global Income Managed Volatility Fund Australia 0.0066 0.0375 Austria 0.0045 0.0014 Belgium 0.0461 0.0138 Bermuda 0.0000 0.0059 Canada 0.0919 0.0275 Cayman Islands 0.0000 0.0044 China 0.0000
More informationLogix5000 Clock Update Tool V2.00.36. 12/13/2005 Copyright 2005 Rockwell Automation Inc., All Rights Reserved. 1
Logix5000 Clock Update Tool V2.00.36. 1 Overview Logix5000 Clock Update Tool 1. 1. What is is it? it? 2. 2. How will it it help me? 3. 3. How do do I I use it? it? 4. 4. When can I I get get it? it? 2
More informationList of tables. I. World Trade Developments
List of tables I. World Trade Developments 1. Overview Table I.1 Growth in the volume of world merchandise exports and production, 2010-2014 39 Table I.2 Growth in the volume of world merchandise trade
More informationGfK PURCHASING POWER INTERNATIONAL
GfK PURCHASING POWER INTERNATIONAL 1 Agenda 1. Europe 3 2. Americas 45 3. Asia & Near East 54 4. Afrika 66 5. Australia 68 6. Overview of countries and available levels 70 2 2 EUROPE 4 GfK
More informationThe big pay turnaround: Eurozone recovering, emerging markets falter in 2015
The big pay turnaround: Eurozone recovering, emerging markets falter in 2015 Global salary rises up compared to last year But workers in key emerging markets will experience real wage cuts Increase in
More informationTriple-play subscriptions to rocket to 400 mil.
Triple-play criptions to rocket to 400 mil. Global triple-play criptions will reach 400 million by 2017; up by nearly 300 million on the end-2011 total and up by 380 million on the 2007 total, according
More informationConsolidated International Banking Statistics in Japan
Total (Transfer Consolidated cross-border claims in all currencies and local claims in non-local currencies Up to and including one year Maturities Over one year up to two years Over two years Public Sector
More information41 T Korea, Rep. 52.3. 42 T Netherlands 51.4. 43 T Japan 51.1. 44 E Bulgaria 51.1. 45 T Argentina 50.8. 46 T Czech Republic 50.4. 47 T Greece 50.
Overall Results Climate Change Performance Index 2012 Table 1 Rank Country Score** Partial Score Tendency Trend Level Policy 1* Rank Country Score** Partial Score Tendency Trend Level Policy 21 - Egypt***
More informationKnow the Facts. Aon Hewitt Country Profiles can help: Support a decision to establish or not establish operations in a specific country.
Aon Hewitt Country Profiles Your eguide to employment requirements and practices Profiles for nearly 90 countries worldwide Risk. Reinsurance. Human Resources. Know the Facts Whether you are a newcomer
More informationHow To Get A New Phone System For Your Business
Cisco Phone Systems Telemarketing Script Cold Call 1. Locate Contact: Name listed Owner General Manager / Office Manager Chief BDM (Business Decision Maker) Note: Avoid talking to IT since this is not
More informationBT Premium Event Call and Web Rate Card
BT Managed Event and BT Self-Managed Event (also referred to as Express, Plus and Premium) Conference Bridge and Call for Booked Audio Conferencing Services will comprise the following for each phone-conference:
More informationMAUVE GROUP GLOBAL EMPLOYMENT SOLUTIONS PORTFOLIO
MAUVE GROUP GLOBAL SOLUTIONS PORTFOLIO At Mauve Group, we offer a variety of complete employee management services such as Global Employment Solutions (GES), Professional Employment Outsourcing (PEO),
More informationYTD 2015-27 CS AWARDS IN AMERICAS
YTD 2015-27 CS AWARDS IN AMERICAS Argentina Bolivia Brazil Frontline Customer Service Team of the Year, All Industries (Bronze) Customer Service Department of the Year, Airlines, Distribution & Transportation
More informationOCTOBER 2010. Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology
OCTOBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol ) Indexes Construction and Methodology SEPTEMBER 2010 Russell-Parametric Cross-Sectional Volatility (CrossVol) Indexes Construction
More informationU.S. Trade Overview, 2013
U.S. Trade Overview, 213 Stephanie Han & Natalie Soroka Trade and Economic Analysis Industry and Analysis Department of Commerce International Trade Administration October 214 Trade: A Vital Part of the
More informationDigital TV Research. http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample
Digital TV Research http://www.marketresearch.com/digital-tv- Research-v3873/ Publisher Sample Phone: 800.298.5699 (US) or +1.240.747.3093 or +1.240.747.3093 (Int'l) Hours: Monday - Thursday: 5:30am -
More informationDividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22
Dividends Tax: Summary of withholding tax rates per South African Double Taxation Agreements currently in force Version: 2 Updated: 2012-05-22 Note: A summary of the rates and the relevant provisions relating
More informationCMMI for SCAMPI SM Class A Appraisal Results 2011 End-Year Update
CMMI for SCAMPI SM Class A 2011 End-Year Update Software Engineering Institute Carnegie Mellon University Pittsburgh, PA 15213 1 Outline Introduction Current Status Community Trends Organizational Trends
More informationVerdict Financial: Wealth Management. Data Collection and Forecasting Methodologies
Verdict Financial: Wealth Management Data Collection and Forecasting Methodologies April 2014 Contents Global Wealth Markets Methodology Methodology Methodology 2 Global Wealth Markets Section 1: Global
More informationPurchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit.
PMI Purchasing Managers Index (PMI ) series are monthly economic surveys of carefully selected companies compiled by Markit. They provide an advance signal of what is really happening in the private sector
More informationGlobal Dialing Comment. Telephone Type. AT&T Direct Number. Access Type. Dial-In Number. Country. Albania Toll-Free 00-800-0010 888-426-6840
Below is a list of Global Access Numbers, in order by country. If a Country has an AT&T Direct Number, the audio conference requires two-stage dialing. First, dial the AT&T Direct Number. Second, dial
More informationDSV Air & Sea, Inc. Aerospace Sector. DSV Air & Sea, Inc. Aerospace
DSV Air & Sea, Inc. Aerospace Sector DSV Air & Sea, Inc. Aerospace Introduction to DSV DSV is a global supplier of transport and logistics services. We have offices in more than 70 countries and an international
More informationRegion Country AT&T Direct Access Code(s) HelpLine Number. Telstra: 1 800 881 011 Optus: 1 800 551 155
Mondelēz International HelpLine Numbers March 22, 2013 There are many ways to report a concern or suspected misconduct, including discussing it with your supervisor, your supervisor s supervisor, another
More informationFDI performance and potential rankings. Astrit Sulstarova Division on Investment and Enterprise UNCTAD
FDI performance and potential rankings Astrit Sulstarova Division on Investment and Enterprise UNCTAD FDI perfomance index The Inward FDI Performance Index ranks countries by the FDI they receive relative
More informationComposition of Premium in Life and Non-life Insurance Segments
2012 2nd International Conference on Computer and Software Modeling (ICCSM 2012) IPCSIT vol. 54 (2012) (2012) IACSIT Press, Singapore DOI: 10.7763/IPCSIT.2012.V54.16 Composition of Premium in Life and
More informationIntroducing GlobalStar Travel Management
Introducing GlobalStar Travel Management GlobalStar is a worldwide travel management company owned and managed by local entrepreneurs. In total over 80 market leading enterprises, representing over US$13
More informationA Bird s Eye View of Global Real Estate Markets: 2012 Update
A Bird s Eye View of Global Real Estate Markets: 2012 Update FEBRUARY 2012 US Research Paul Fiorilla Vice President paul.fiorilla@prudential.com Manidipa Kapas, CFA Director manidipa.kapas@prudential.com
More informationI. World trade developments
I. World trade developments The value of world merchandise exports increased by 20 per cent in 2011 while exports of commercial services grew by 11 per cent. Key developments in 2011: a snapshot Trade
More informationFTSE Global Small Cap Index
FTSE FACTSHEET FTSE Global Small Cap Index bmktitle1 The FTSE Global Small Cap Index is derived from FTSE's flagship Global Equity Series universe, which comprises around 7,000 securities worldwide, giving
More informationContact Centers Worldwide
A Contact Centers Worldwide Country Tel.no. Supported lang. Contact Center Albania Algeria 852 665 00 +46 10 71 66160 Angola 89900 +34 91 339 2121 (Port) and Portuguese +34 913394044 +34 913394023 (Por)
More informationBangladesh Visa fees for foreign nationals
Bangladesh Visa fees for foreign nationals No. All fees in US $ 1. Afghanistan 5.00 5.00 10.00 2. Albania 2.00 2.00 3.00 3. Algeria 1.00 1.00 2.00 4. Angola 11.00 11.00 22.00 5. Argentina 21.00 21.00 42.00
More informationSenate Committee: Education and Employment. QUESTION ON NOTICE Budget Estimates 2015-2016
Senate Committee: Education and Employment QUESTION ON NOTICE Budget Estimates 2015-2016 Outcome: Higher Education Research and International Department of Education and Training Question No. SQ15-000549
More informationSuccessFactors Employee Central: Cloud Core HR Introduction, Overview, and Roadmap Update Joachim Foerderer, SAP AG
Orange County Convention Center Orlando, Florida June 3-5, 2014 SuccessFactors Employee Central: Cloud Core HR Introduction, Overview, and Roadmap Update Joachim Foerderer, SAP AG SESSION CODE: 1812 Cloud
More information2015 Country RepTrak The World s Most Reputable Countries
2015 Country RepTrak The World s Most Reputable Countries July 2015 The World s View on Countries: An Online Study of the Reputation of 55 Countries RepTrak is a registered trademark of Reputation Institute.
More informationDIR Contract #DIR-TSO-2610 Amendment #1 Appendix C Price Index
CONFERENCING SERVICES Customer Price Price per minute/hour/mont h etc. Comment Audio Conferencing Operator Assisted Dial-Out $0.1530 Per Minute OADI Toll-Free Dial-In (Operator Assisted) $0.0816 Per Minute
More informationBIS CEMLA Roundtable on Fiscal Policy, public debt management and government bond markets: issues for central banks
BIS CEMLA Roundtable on Fiscal Policy, public debt management and government bond markets: issues for central banks Is monetary policy constrained by fiscal policy? by Carlos Montoro 26-27 November 212
More informationFall 2015 International Student Enrollment
Fall 2015 International Student Enrollment Prepared by The Office of International Affairs Nova Southeastern University Nova Southeastern University International Student Statistics Fall 2015 International
More informationSupported Payment Methods
Sell Globally in a Snap Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not
More informationE-Seminar. Financial Management Internet Business Solution Seminar
E-Seminar Financial Management Internet Business Solution Seminar Financial Management Internet Business Solution Seminar 3 Welcome 4 Objectives 5 Financial Management 6 Financial Management Defined 7
More informationSulfuric Acid 2013 World Market Outlook and Forecast up to 2017
Brochure More information from http://www.researchandmarkets.com/reports/2547547/ Sulfuric Acid 2013 World Market Outlook and Forecast up to 2017 Description: Sulfuric Acid 2013 World Market Outlook and
More informationReport on Government Information Requests
Report on Government Information July 1 - December 31, 2015 Apple takes our commitment to protecting your data very seriously and we work incredibly hard to deliver the most secure hardware, software and
More informationThe investment fund statistics
The investment fund statistics Narodowy Bank Polski (NBP) publishes data reported by investment funds which have been defined in Art. 3 section 1 of the Act of 27 May 2004 on investment funds (Journal
More informationSunGard Best Practice Guide
SunGard Best Practice Guide What Number Should I Use? www.intercalleurope.com Information Hotline 0871 7000 170 +44 (0)1452 546742 conferencing@intercalleurope.com Reservations 0870 043 4167 +44 (0)1452
More informationData Modeling & Bureau Scoring Experian for CreditChex
Data Modeling & Bureau Scoring Experian for CreditChex Karachi Nov. 29 th 2007 Experian Decision Analytics Credit Services Help clients with data and services to make business critical decisions in credit
More informationGlobal Media Report. Global Industry Overview
Global Media Report 203 Global Industry Overview McKinsey & Company Global Media Report 203 McKinsey & Company s Global Media and Entertainment Practice Never before has an integrated view across the media
More informationBuilding on +60 GW of experience. Track record as of 31 December 2013
Building on +60 GW of experience Track record as of 31 December 2013 Can data and analysis make a difference on turbine performance? Proven technology. For Vestas, it is more than a saying it is something
More informationCISCO IP PHONE SERVICES SOFTWARE DEVELOPMENT KIT (SDK)
DATA SHEET CISCO IP PHONE SERVICES SOFTWARE DEVELOPMENT KIT (SDK) Cisco Systems IP Phone Services bring the power of the World Wide Web to Cisco IP Phones. An integral part of a Cisco AVVID (Architecture
More informationMERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS
MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM AN ONLINE TOOL DESIGNED TO TAKE THE WORK OUT OF YOUR COMPENSATION REVIEW PROCESS MERCER S COMPENSATION ANALYSIS AND REVIEW SYSTEM www.imercer.com/cars Mercer
More informationSupported Payment Methods
Supported Payment Methods Global In the global payments market, credit cards are the most popular payment method. However, BlueSnap expands the payment selection by including not only the major credit
More informationFTSE All-World ex Fossil Fuels Index Series
FTSE FACTSHEET FTSE All-World ex Fossil Fuels Index Series Data as at: 31 August 2015 bmktitle1 Market participants are increasingly looking to manage carbon exposure in their investments, and reduce write-off
More informationBANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND
BANK FOR INTERNATIONAL SETTLEMENTS P.O. BOX, 4002 BASLE, SWITZERLAND PRESS RELEASE CENTRAL BANK SURVEY OF FOREIGN EXCHANGE AND DERIVATIVES MARKET ACTIVITY IN APRIL 1998: PRELIMINARY GLOBAL DATA The BIS
More information