Tuesday, 19 August 2014

Financial Orbit wrap 19-08-14

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. New Zealand cuts back growth hopes and the Australian central bank is hardly inspiring either...sounds like low interest rates for longer (link here).

2. Did I see that mortgage affordability is getting worse in the US despite low rates?:

 
3. In European numbers today I still like Imperial Tobacco but am waiting for the right level for CRH and (frustratingly) for AP Moller-Maersk who provides the chart below (showing why cost reduction - in this case in their key container shipping division - often helps share prices):
 

 
4. In global ex-Europe numbers BHP Billiton pays the price of over-sentiment last week (although the detail for the core continuing BHP does sound interesting) whilst Dick's Sporting Goods still feels like a value stock to me.
 
5. Two interesting charts I came across today. Interesting manufacturing cost ranking (UK stands out positively)...
 
 
(h/t @_BenWright_)
 
...and the Euro area dis-inflationary pressures are high:
 
(h/t @auaurelija)


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