Saxo Bank Q4 Outlook 2012: Mandate for Change

Hellerup, Denmark (ots/PRNewswire) -

Increased focus on micro is needed to end the recession

Saxo Bank [http://www.saxobank.com ], the online multi-asset
trading and investment specialist, launches today its Q4 Outlook for
2012. The Outlook report concludes that the policies of the central
banks and governments to date fail to have a positive effect, and
calls for a mandate for change to pull us out of the recession
indefinitely.

The Q4 report also analyses the limited impact of repeated
policies that include QE and low interest rates, and says that the
focus should be on micro policies instead. Macro has so far failed,
which can be seen in the record EU unemployment rates of 11.2% and
negative growth of 0.5% in Europe.

The Q4 report shows that despite this uncertainty in the market
there are still opportunities for investors. Small companies with
good growth prospects present a good opportunity for investors and
many have already expanded during the financial crisis.

Moreover, Saxo Bank views the Chinese market as the 'real game
changer'. China has experienced rapid growth for many years, but its
business model is outdated. For China to become an industrialised
nation, it must make steps towards encouraging intellectual
investment and allowing competition to achieve a deep financial
market.

Steen Jakobsen, Chief Economist at Saxo Bank commented: "The
continued policy repetition by our governments and central banks has
extended the recession in developed countries, and we predict a
subdued economic growth for the foreseeable future. Policy makers
must begin to focus on the micro factors. Social tension is not only
occurring in the more problematic countries such as Spain, Greece and
Portugal, but is beginning to become visible in countries such as
Germany. We have reached a low point of growth and unless we can
break the cycle of denial and protest as currently upheld by
policy-makers, it will persist into 2013 and possibly beyond."

The full Q4 2012 Outlook includes the following analyses:

- Q4 Outlook overview: Groundhog day
        - Equity Outlook: Go small cap for large returns
        - FX Outlook: Market nerves will finally lead to volatility 
expansion
        - Monetary Policy: Major central banks
        - Feature: Japanisation of the global economy
        - Asia: Who follows Hu?
        - Commodity Outlook: Weak fundamentals create headwinds

Please visit our Quarterly Outlook
[http://www.saxoworld.com/mediacentre/quarterly-outlook ] page or
download the Q4 Outlook 2012 here
[http://www.saxoworld.com/Documents/Outlook/Q42012.pdf ].

About Saxo Bank

Saxo Bank is an online trading [http://www.saxobank.com/forex?cs
ref=b1744_Link_boilerplate_pressrelease ] and investment specialist,
offering private investors and institutional clients a complete set
of tools for their trading and investment strategies. A fully
licensed and regulated European bank, Saxo Bank enables clients to
trade FX, CFDs [http://www.saxobank.com/cfds?csref=b1745_Link_boiler
plate_pressrelease ], ETFs, Stocks, Futures, Options and other
derivatives via three specialised and fully integrated multi-asset
trading platforms [http://www.saxobank.com/demo-account?csref=b1746_
Link_boilerplate_pressrelease ]; the browser-based SaxoWebTrader, the
downloadable SaxoTrader and the SaxoMobileTrader application. The
platforms are available in over 20 languages and are white-labelled
by more than 100 major financial institutions worldwide. Saxo Bank
also offers professional portfolio and fund management as well as
traditional banking services through Saxo Privatbank. Founded in
1992, the Saxo Bank Group is headquartered in Copenhagen with 24
local offices throughout Europe, Asia, Middle East, Latin America and
Australia.

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