News Column

Wall Street Webcasting Presents: Wells Fargo Securities: “Geopolitical Tensions Cool Down but Growth Concerns in Europe Heat Up.”

August 20, 2014



NEW YORK--(BUSINESS WIRE)-- Wall Street Webcasting has prepared and provided for you an exclusive broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly recognized for his weekly narrates regarding the fixed income strategy at Wells Fargo Securities (NYSE:WFC). This week, Gordon turns his attention to the mixed global economic news.

There has been some burdens on aggregate global demand. During the second quarter in the Eurozone, GDP growth was close to zero, and the year over year growth rate fell to .7%. Both CPI and Core CPI in the Eurozone are still below 1%. Perhaps the most troubling piece of economic indications is that Germany is the powerhouse of Europe, and its annualized growth rate fell to 1.2% during the second quarter. It may take a few more concerning economic reports for leaders to realize that they must amend the tightly bound monetary strings in the EU in order to save it from a deeper recession.

There has been a recent vigor in the U.S. dollar and a deficiency in broad commodities indices. The dollar has been trading higher and commodities prices have been decreasing over the course of the summer. The Commodity ETF has dropped over 8 % since June.

On the up side, the conflict in Gaza seems to be coming to an end. Russia’s position to support the separatists in the Ukraine appears to be shifting and forces in the Ukraine have reclaimed some of the territory that was solicited by the separatists. With assistance of U.S. air strikes, Iraqi forces have re-taken targets from Isis.

To hear a more in depth explanation of the daunting condition of the Eurozone and the global effects that this could have, please tune into Wells Fargo’s latest video.

Please visit the following link to view the video:

http://www.wsw.com/webcast/wav/




Wall Street Webcasting

Heather Capizzi, 201-683-2100


Source: Wall Street Webcasting


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Source: Business Wire


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