Friday, 9 January 2015

Financial Orbit wrap 09/01/15

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.Chinese inflation climbed just a touch (higher vegetable prices) to 1.5% year-on-year in December whilst producer-price index slipped 3.3% from a year ago for its 34th month in a row of declines (and largest decline in over 2 years).  A great chart here via @jpwwhite123.  Productivity or high competition is pushing down inflation levels in manufacturing goods?  Probably a bit of both...but again shows China in transition.


2. I write up my thoughts on the Tesco turnaround plan unveiled yesterday (link here)...

3. ...and muse about Bed Bath & Beyond's less-than-fantastic results and whether I should buy back into the stock.  

4. Rumours of a potential US$0.5trn ECB QE circulated around the markets earlier today.  Europe certainly needs it but this excellent chart by @jsblokland indicates just how far behind the ECB is...


...no wonder European markets had a very mixed Friday. And the US market joined them after the headline good NFP numbers but continued poor wage data.  Not indicative of a full economic recovery...

5. And finally...have a good weekend. There will be more on Financial Orbit over the weekend as per usual...


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