Monday, 16 March 2015

Financial Orbit wrap 16/03/15

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 about the Markit Global Business Outlook survey which does not look that good...

2. ...but aided by a new recent low in the oil price most equity markets rise led by the Eurozone where the German DAX moves to a new 'core price' high:


3. Of course Eurozone QE (and a weaker euro) has helped sentiment.  Interesting Bloomberg survery on how long respondents think QE will last in the EZ.  


Personally I think longer than this...

4. Meanwhile in Ukraine bond creditors are getting worried re the potential for a material haircut.  I think it looks increasingly inevitable...


...but none of this has dented European peripheral high yield bond issuance over recent months which has just gone through the FY14 level: 



5. Finally the 'no overall majority' outcome for the UK General Election in May may be highly likely but it looks increasingly certain that the Conservatives will be the biggest party:



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