Wednesday, 4 February 2015

Financial Orbit wrap 04/02/15

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. I write up the Syngenta numbers and conclude that it is really all about the cost cutting (and I remain long)

2. Staying in the agricultural space, the ADM numbers (out on Tuesday) are reviewed...and after a 5%+ fall today, I see an opportunity.




 3. Services PMI numbers around the world today.  Not the greatest comment contained within the headline ok US number...

4. So now 16 central banks around the world have cut interest rates.  En masse 'lower for longer' then...not a happy / normal cycle world then...

5. Some great quotes out there including:

Got to agree with Warren on the lack of real value in bonds:
Buffet: "Last thing" I'd do is to buy a 30y bond [yield last 2.3799%]
Greece gets a slap on the face re (bank) funding flexibility...
'The Governing Council of the European Central Bank (ECB) today decided to lift the waiver affecting marketable debt instruments issued or fully guaranteed by the Hellenic Republic...This decision does not bear consequences for the counterparty status of Greek financial institutions in monetary policy operations. Liquidity needs of Eurosystem counterparties, for counterparties that do not have sufficient alternative collateral, can be satisfied by the relevant national central bank, by means of emergency liquidity assistance (ELA) within the existing Eurosystem rules'.

And as for general volatility (via @FXtrader53)...

How fast things things change. 24 hours ago all the "smart money" was saying Oil was in a bull market, USD had topped and stocks to ATHs

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