Eagle Eye Opener: Global Indexes Rise on Good News in China and Europe; UBS Fined $1 Billion in Libor Scandal; BMW Outperforms Mercedez

Eagle Eye Opener

Global Indexes up on China & European News (AP)

Good news from two different regions of the world buoyed the hopes for global investors.  First, for the third month in a row, HSBC’s China Purchasing Manager’s Index (PMI) rose, this time to a 14-month high of 50.9. That’s the third month in a row that the PMI has been above 50, which represents manufacturing expansion. Far East markets rose slightly on that news. Elsewhere, European markets rose after the European Union reached an agreement on creating a single supervisor for its banks and finally decided to give Greece its bailout funds. Britain’s FTSE 100, Germany’s Dax and Frances CAC-40 all were up on the news.

Second Major Bank Fined in Libor Scandal (Reuters)

Swiss banking giant UBS will follow in the steps of British-bank Barclays and receive an enormous fine for its role in the Libor interest rate fixing scandal. Only UBS will be fined $1 billion, more than twice as much as Barclay’s $450 million — perhaps indicating that UBS had a much more active roll in fixing the rates. Both are accused of improperly reporting figures used to calculate the Libor figure — which is then used to calculate the interest rates for trillions of dollars of loans worldwide. Tweaking the Libor rate can result in deals benefiting the offending banks, as that rate is used in many complex bank products.

Battle Between Luxury Brands Going to BMW (Bloomberg)

Investors favor luxury car maker Bayerische Motoren Werke AG (BMW)’s brand (45 billion euros in market cap) almost twice as much as Mercedez Benz’s (about 25 billion euros in market cap), greatly damaging the attempt of the Mercedez CEO Deiter Zetsche to reclaim the position of world’s biggest luxury-car maker. BMW has supplanted Mercedez due to the former’s increased popularity among younger drivers, among other reasons. Mercedez was overtaken by BMW as the top luxury car manufacturer in 2005… a position that Zetsche vowed to reclaim by that decade’s end.  His contract ends next year, with that goal still unattained.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor