International Markets Update

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• The US market started 2013 on a good note. Favorable economic data, coupled with better-than-expected earnings, help push US indices to multi-y.....

Executive Summary

• The US market started 2013 on a good note. Favorable economic data, coupled with better-than-expected earnings, help push US indices to multi-year highs.


• Euro-area industrial production unexpectedly fell in November as declines in Italy and Spain offset a return to growth in Germany.


• The labor market in the European Union lost further ground in November.


• In an effort to end decades of deflation the Bank of Japan doubled its inflation target to 2%. The central bank made an "open-ended" pledge to buy unlimited amounts of short-term government debt to achieve its goal, starting next year


• China reported better than expected trade data adding to optimism that the slowdown may have bottomed for the moment.


• In India, positive news showed that the trade deficit narrowed for a second month in December at US$17.7bn

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International Markets Update

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