Thursday, 2 April 2015

Financial Orbit wrap 02/04/15

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...

A bit late due to other commitments...but a quick wrap summary:

1. Quarterly moves - S&P 500 gain for the quarter just 0.4 per cent. That's the worst showing for the index since the final three months of 2012.  By contrast in Europe:

EuroStoxx 50 +17.5%, DAX +22.0%, CAC 40 +17.8%, IBEX 35 +12.1%, FTSEMIB +21.8% , FTSE 100 +3.2%, SMI +1.6%.  


FX is hugely influential...

2. Quarterly moves #2 what I also observe is that March was significantly weaker than the YTD period...


3. World inflation – 5 year low...good for 'lower for longer' 


4. Global manufacturing - still better but trend weakening (with low pricing power) seems to be the trend...


5. Monsanto  numbers read fine to me even if in headline terms they were hit by a strong US dollar.  The longer-term fundamentals remain well and truly intact: 



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