Global Liquidity November Update

Latest data for the month to end-October 2014 showed our GLI (Global Liquidity Index) rising a tad to 43.8 fom 43.0 in September ('normal' range 0-100). Global Liquidity remains below average and at levels associated with a step-up in market volatility and a step-downwards in future economic activity. Liquidity conditions remain high in the US at 67.9, but continue at low index levels of 21.3 in the Emerging Markets. The only liquidity bright spot in EM is India.