US 2Q earnings favour industrials

. Marcuard's Market update by GaveKal Dragonomics As the second quarter US earnings season winds up, the dominant picture is of stronger sales and faster earnings growth. That’s handy. In the early

Turkey: From a Buy to a Hold

. Marcuard's Market update by GaveKal Dragonomics Four months ago we argued that the sharply de-rated Turkish equity markets were a buy. To sum up that argument, we thought that the political

Is Argentina at fault for default?

. By Oren Laurent President, Banc De Binary   On the surface, it would seem that Argentina’s default is the perfect example of history repeating itself. Yet the country’s President, Cristina Fernández,

Wider spreads and weaker equities

. Marcuard's Market update by GaveKal Research Over the past five weeks, the spread between US high yield debt and US Treasuries has widened by almost a full percentage point. Admittedly, this

Limassol leads boom in Cyprus property sector

Increasing trends in the first five months of 2014 Limassol leads boom in Cyprus property sector Increasing trends in the first five months of 2014 By Alecos Vilanos, www.vilanosproperties.com The recovery and

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