<img src="/images/nav_ra.png" />

A / A / A

Global Market Wrap-Up - April 13, 2012

Friday, April 13, 2012
By: 
Mark Hanna
U.S. stocks finished a volatile week with fresh losses Friday as the S&P 500 fell 1.3% and NASDAQ 1.5%.  Worries about European debt continue to resurface, as did some angst over Chinese economic growth.
  • The Labor Department said consumer prices increased 0.3 percent last month. Gasoline prices rose 1.7 percent. Core inflation, which strips out food and energy prices, climbed 0.2 percent, pushed higher by rising rents, medical care costs and used car prices.
  • Workers' earnings fell 0.4 percent in March after adjusting for the increase in prices.
  • The Thomson Reuters/University of Michigan survey showed U.S. consumer sentiment slipping modestly in early April as higher gasoline prices hit household budgets even as optimism about the economic outlook lifted consumers' expectations.
Gold fell $20.40 to finish at $1,660.20 an ounce, while silver dropped $1.135 to $31.39 an ounce.  Crude oil fell 81 cents to finish at $102.83 per barrel.

France's CAC-40 closed down 2.5%, while Germany's DAX shed 2.45. The British FTSE 100 dropped 1.05 percent.
  •  The yield on Spain's 10-year government bond rose to 5.93 percent, and Italy's rose to 5.52 percent.
Chinese stocks edged up 0.3%, while Japan gained 1.2%.
  • Data showed that China's economy expanded 8.1 percent in the first quarter, a rate that was slower than expected and the country's weakest pace in nearly three years.

Check the background of our investment professionals on FINRA’s BrokerCheck.

Investing in foreign securities involves risks, such as currency fluctuation, political risk, economic changes, and market risks. Precious metals and commodities in general are volatile, speculative, and high-risk investments. As with all investments, an investor should carefully consider his investment objectives and risk tolerance as well as any fees and/or expenses associated with such an investment before investing. International investing may not be suitable for all investors.

Dividend yields change as stock prices change, and companies may change or cancel dividend payments in the future. The fluctuation of foreign currency exchange rates will impact your investment returns. Past performance does not guarantee future returns, investments may increase or decrease in value and you may lose money.

Our investment strategies are based partially on Peter Schiff's personal economic forecasts which may not occur. His views are outside of the mainstream of current economic thought. Investors should carefully consider these facts before implementing our strategy.