The alarm on my phone woke me up about an hour ago, and here i am; cross eyed and still pretty sleepy. Some black coffee should take care of that i figured and brewed myself a few cups (or jugs rather, i really like my coffee). Now, why on earth would i drag myself out of the comforts of my bed early on a Saturday morning? A justified question indeed… The thing is that i decided that i have some work to do today and since i can’t do any of it later today and tonight due to other (indeed more fun) plans, the best option was to get up fairly early.
In other news the spring semester at Uni has started up well and is running at full steam as we speak. Yesterday the results from our last exam (Macroeconomics) came in and i’m pleased that i can put yet another course behind me now. Microeconomics is in the works right now and it’s going really well so far, it’s the most interesting course so far in my mind, partly since it contains some level of consideration for human behavior, even though the economic theories about man are very simplified. Anyone who who’s taken an introductory course in Microeconomics knows what i’m talking about.
In yet other news the world equity markets appear to have sucked up the heavy turmoil we saw earlier in the week, the past days we’ve seen closings in the green in most of the developed economies, although emerging markets still seem to be suffering from a capital run.
Over and out, have a great weekend anyone who might read this!
The last few days has seen it’s fair share of waves on the equity seas; the U.S stock indices closed in the red yesterday (due mostly to dissapointing ISM numbers according to speculation) and the Nikkei 225 in Tokyo butchered 4,18% of it’s value during the night here in Europe.
Surprisingly (to me) the Euro indices closed some distance into the green today, and as of right now the S&P500 is up about 1% in New York. It isn’t a far stretch from here to think that Europe will open in the green tomorrow as well, but you’ll learn quickly that in this game there are no guarantees.
I’m undecided what i should think about tomorrow; probably it’s better to stay off the market for a few days to get some sort of indication about which direction we’re heading.
The U.S Federal reserve today announced that it will taper back another 10 million of asset purchases; from it’s previous 75 to 65 million USD as of todays FOMC meeting. Market Watch has more on this story here.
The end of 2013 is approaching with leaps and bounds and i don’t think i’m overstating it if i say that from a macro-economic perpective this year has provided plenty a gift for anyone who’s into the western equity markets. The Euro Stoxx 50 is up 20.8% this year while the S&P 500 in the states has bloated by a hefty 30.2% so far. Great numbers by any standard. And top it all off the U.S Federal Reserve (finally) started it’s tapering of asset purchases last week, something that the markets in general reacted to with great festive joy (much suitingly for the time of year!).
The prospects for 2014 in world wide economic terms indeed look promising pretty much all over. I’m not going to make any predicitions about the coming year for myself or anyone else, i’ll settle with the good vibrations that are all over the business pages these days.
Before this year comes to an end however, it’s Christmas celebrations in the books for me starting tomorrow! I wish anyone takes the time read this a very Merry Christmas and a happy new year. May 2014 be prosperous for you and may all your dreams come true!