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

A / A / A

Global Market Wrap-Up - December 11, 2012

Tuesday, December 11, 2012
By: 
Mark Hanna
U.S. stocks rallied on a combination of a better than expected German business confidence survey, the Pavlovian response to more quantitative easing to be announced tomorrow (even though the market suffered a two month correction immediately after QE infinity was announced), and hopes that no news was good news on the fiscal cliff issue. The S&P 500 added 0.65% while the NASDAQ gained 1.2%.
  • The Census Bureau reported that the trade deficit widened to $42.2 billion in October.
  • A separate report showed that wholesale inventories rose 0.6% in October, better than forecasts.
Oil added 23 cents to $85.79 a barrel, while gold fell 0.3% to $1,709.60. Silver dropped 1.1% to $33.02.

German shares gained 1.0%, British shares 0.1%, and French shares 1.1%.
  • The ZEW economic-expectations index, a gauge of German investor sentiment, rose to 6.9 in December, a sharp bounce from the minus-15.7 figure in the previous month. It was the first time the index has been in positive territory since May.
China fell 0.4% while Japan dropped 0.1%

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.