Wednesday's wrap...a little late due to travel.
1. Couple of scary looking charts via Fitch on the Chinese banking sector thanks to this excellent Fast FT article:
2. Thoughts on the Kraft-Heinz deal? I would argue that it shows the extra value based on international sales as evidenced by the greater value attributed to the latter despite the former having c. 80% higher sales.
3. Hermes are relaxed about Asian demand...
...as scarves and related do well at a divisional level:
4. Economic numbers...hmm:
"Weather, aircraft seasonals, and a real rollover in oil companies' capex explain the drop" @IanShepherdson on Durable Goods Orders, Feb
5. How interesting to see the 200 day moving averages (link here) of various regional bourses around the world...which tees up the late Wednesday volatility in the US markets...and volatility globally early on Thursday...