Tuesday, 17 February 2015

Financial Orbit wrap 17/02/15

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. China – best pre Chinese New Year few days for the Chinese market since 2007 (closed from tomorrow) as China House Prices (YoY) Jan: -5.1% (prev -4.30%).  More easing to come however in the new Chinese year as reflected by this news at the margin:

Meanwhile, the MNI China Business Indicator fell 0.9 per cent this month to 52.8, as new orders decreased to the lowest level since last April.

2. Hard to pick my favourite charts from the BP Energy Outlook 2035 document...so I picked ten (link here). Regarding energy sources fossil fuels remain dominant...
 ...although due to (lack of) water availability and other issues around permitting and population density, BP currently only believe that North America will see a significant shale gas industry over the next 20 years.

3. I write about looking for an opportunity to add DaVita to my pension fund holdings...

4. ...talking about long-term holds I am really impressed by the Air Liquide numbers/presentation today (even though the stock is a bit expensive): 

5. I guess it should be Greece but events there are moving so fast I think the best idea is to catch up on this tomorrow.  Otherwise, equity markets remain firm with the FTSE-100 at c. 6,900 and the S&P 500 at c. 2,100 as I write...meanwhile Fast FT is inspired to write: 

Yields on US government bonds jumped sharply on Tuesday, sending the ten-year yield close to its highest level of 2015, as some of the anchors for the most recent leg in the bond rally weakened.

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