Tuesday, 5 May 2015

Financial Orbit wrap 05/05/15

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. Reserve Bank of Australia cuts rates to a record low of 2%  “so as to reinforce recent encouraging trends in household demand." Hmm. Lower for longer in another country…

Also note the 'interesting' initial response to the rate cut.  Not just a lot priced in but also that in a currency war world a lot of strange things can happen.  

2. I write about HSBC (link here) and observe that there was more than a hint that the decision later this year is likely to be pro-switching the domicile/HQ location to Hong Kong as regulatory costs continue to bite. 
3. In another chart cited on Fast FT China has a big old tumble...

...and it is all the fault of the stock trading banana seller (2015's equivalent of the shoeshine boy giving stock tips):

4. Greek facing assets remain volatile as I make an observation about the German finance minister

"he's not holding his breath. More likely to swap the 'k' for a 'c' in "skeptical" than roll over with a big writeoff "

(in response to):

5. Lots of interesting company data out today.  The lack of Kellogg's cereal growth (again) in the US caught my eye.  I remain short the stock.

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