mpsif market update - 3/10/03 agenda u.s. economic news international news geopolitical influence...
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MPSIF Market Update - 3/10/03
AgendaAgenda
U.S. Economic NewsU.S. Economic News
International NewsInternational News
Geopolitical InfluenceGeopolitical Influence
Market Reaction Market Reaction
Where to invest?Where to invest?
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MPSIF Market Update - 3/10/03
U.S. Economic NewsU.S. Economic News
Dollar hit a four-year low of $1.10 against the Dollar hit a four-year low of $1.10 against the euroeuro
Revised 4Revised 4thth Quarter Numbers Positive Quarter Numbers PositiveGDP - 1.4%(from 0.7%) Productivity = 0.8% (from 0.02)GDP - 1.4%(from 0.7%) Productivity = 0.8% (from 0.02)
Real consumer spending fell by 0.3% in Real consumer spending fell by 0.3% in JanuaryJanuary
ISM (50.5) & Negative Beige Book Report ISM (50.5) & Negative Beige Book Report
Negative Employment Report – Rate cut more Negative Employment Report – Rate cut more likelylikely
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MPSIF Market Update - 3/10/03
International Economic NewsInternational Economic News
Euro AreaEuro Area Unemployment rose to 8.6% in JanuaryUnemployment rose to 8.6% in January Retail sales fell by an unexpectedly large Retail sales fell by an unexpectedly large
1.9% in the year to December1.9% in the year to December.. Continued Problems in GermanyContinued Problems in Germany ECB Cuts rate by ¼ % versus ½ % ECB Cuts rate by ¼ % versus ½ %
expectationexpectation
JapanJapan Japan's jobless rate rose to 5.5% in Japan's jobless rate rose to 5.5% in
JanuaryJanuary Core inflation rate drops for 40Core inflation rate drops for 40thth
consecutive monthconsecutive month
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MPSIF Market Update - 3/10/03
Geopolitical InfluenceGeopolitical Influence Another Deadline for Saddam (March 17Another Deadline for Saddam (March 17thth))
TerrorismTerrorism
Oil PricesOil Prices
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MPSIF Market Update - 3/10/03
Market ReactionMarket ReactionDJIA Nasqaq
S&P 500 IndexIndex CloseClose ChangeChange
DJIADJIA 77407740 -1.9%-1.9%
NasdaNasdaqq
13051305 -2.4%-2.4%
S&PS&P 828828 -1.43%-1.43%
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MPSIF Market Update - 3/10/03
Where to InvestWhere to Invest
Sectors prone for a reboundSectors prone for a rebound Manufacturing?Manufacturing? Basic Materials?Basic Materials? Technology?Technology?
Sectors on DeclineSectors on Decline Housing Sector?Housing Sector? Retail?Retail?
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MPSIF Market Update - 3/10/03
It could be you one dayIt could be you one day