Asia Pacific Group Global Equities Continue To Decline
Posted: Wednesday, March 11, 2009
by Michael Goldman
Press World Online
'Asia Pacific Group': Worries over global recession weigh heavily on equities.
"Asia Pacific Group" have advised clients to remain vigilant and are identifying a number of stocks which they believe stand to enjoy short-term benefit from the expected rally.
"Asia Pacific Group", the Asian-based wealth manager, apparently advised clients of the imminence of a bottom in equity markets as stocks continued their slow grind downwards in the face of mounting concern over the global economic outlook.
Huge sums of money pumped into once-mighty companies such as Citigroup and AIG are exacerbating the decline in sentiment as investors realize that government intervention is likely to result in serious inflation problems in the not-too-distant future.
Sources close to "Asia Pacific Group" say that the firm believes that a sharp reversal in equity prices is increasingly likely as investor focus begins to shift from corporate earnings to the effect the inflationary policies being pursued by governments will have on currencies.
'Asia Pacific Group' – The recession in the US forced another 651,000 Americans out of work in February.
The unemployment rate in the US reached 8.1% and, according to sources close to "Asia Pacific Group", may reach double figures by the end of the 2nd quarter of the year.
US non-farm payrolls slid by 651,000 as the recession in the world's largest economy took its toll on employers who have reacted by slashing jobs at a rate of over 600,000 every month since December last year.
"Asia Pacific Group" is thought to expect the rate to reach double figures because the recently announced stimulus package from the Obama administration will take some time to filter into infrastructure jobs. The latest figures take the total number of Americans out of work to 12.5 million, an increase of over 5 million in the last year alone.
"Asia Pacific Group" has, in recent months, advised clients to avoid the acquisition of stocks based on low prices alone as their belief was that the deepening recession would see prices fall further but rumors abound that the Asian-based firm is preparing to begin buying stocks in selected sectors as the bottom in equity approaches.
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