Thursday, 24 July 2014

Financial Orbit wrap 24-07-14

Five sentences or graphics which sum up the Financial Orbit output over the last 24 hours across the website, twitter account and anything else thought about...

1. Hard not to argue that Chinese stocks have some value and better manufacturing PMI numbers took the Hong Kong based China Enterprises Index to a YTD high.  Stock picking zone...

2. I really don't like the sound of the phrase 'debt peril' in the context of UK consumers with mortgage obligations if interest do just push up a little...

3. Still plenty of European corporate names complaining about the impact of a (historically) strong euro...although this may be close to changing.  

4. In American corporate news I am impressed by the Dr Pepper results as the shares hits my target, meanwhile Caterpillar and Potash Corp raised guidance (but much was factored in) and...did you see the YTD performance differential between Ford and General Motors?

5. Interesting that the IMF reduced their global growth hopes...but they remain far more optimistic than a couple of large global industrial companies who usefully also updated their thoughts on global growth rates today.  

No comments:

Post a Comment