Wednesday, 21 January 2015

Financial Orbit wrap 21/01/15

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. Billiton have mixed production data for 2014 but via cost cuts (specifically cutting back shale capex) and commitment to their dividend they boost the current low level of sentiment towards the stock (I remain a holder and believe the stock will perform well in FY15)



2. What to conclude in Asia?  The Bank of Japan pulls back inflation hopes (so more QE then?) even as they boost growth hopes...


...whilst China snaps back getting on for two-thirds of its huge losses on Monday.  Volatility is well and truly with us...

3. Chart of the day surely has to be this one...especially in the run-up to ECB will they/won't they on QE tomorrow. 

what a brilliant chart from @RaoulGMI.  Says/explains so much of the market related weirdism...


4. Lots of interesting headlines about...

Syriza lead in Greece (link here)


PBOC’s Zhou: C.Bank Doesn’t Want To Inject Too Much Liquidity Into Econ.

And the Bank of England is the latest central bank to raise the likelihood of going 'lower for longer' as the latest vote by their Monetary Policy Committee goes back to '9-0' (from7-2) for maintenance of the current 0.5% interest rates
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5. I keep on reading from Davos that various people are predicting higher energy prices over the next year.  To some extent I would agree...but my real focus is on finding interesting energy sector shares at the margin.  Fascinating therefore that the latest Bank of America Merrill Lynch Fund Manager Survey document is showing a record low positioning: 


Now that sounds like an opportunity to me...

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