Tuesday, 24 March 2015

Financial Orbit wrap 24/03/15

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. China - HSBC's "flash" China manufacturing index fell into contraction with a 49.2 reading, an 11-month low, down from 50.7 last month.  The micro structure did not look great either...

However the independent China Beige book actually read better (link here). Net net more stimulus likely (probably why the Chinese index did eventually end a long way off its lows)

2. Talking about stimulus...what a great chart showing global thought of where we are...

3. So PMI/ISM day...a few comments/observations from me on Twitter: 

French PMI comment "The data suggest that Q1 GDP will show a modest rise following the 0.1% increase in the final quarter of 2014"

4. "looks like the German economy is entering the economic fast lane again" Dynamic words from , all do weak

5. US - 'upturn in order books..gives some reassurance that the pace of economic growth is likely to pick up as we move towards the summer'

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