Tuesday, 2 June 2015

Financial Orbit wrap 02/06/15

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. Japan – briefly USDJPY breaks above 125.00 for the first time since 2002.  Fell back later and the lack of yet more weakness in the yen meant the Japanese market could not post a 13th successive rise…still real wages were just positive...Still feels all about the yen...



2. US savings rate - is...rising.  Good for economic balance, bad for shorter-term consumption levels/growth:


3. I enjoyed this chart too from @DonDraperClone...very complementary to the chart above because if people are saving more they are not buying large ticket items like cars...
4. Performance for May was stellar...thanks to a couple of holdings with takeover talks swirling around them... (link here). 

5. And finally...guess what continues to rumble along?

'The Greeks cannot have their cake and eat it. A hard choice has to be made between euro exit and adjustment to remain in EMU'

So why was the US dollar weak and the euro strong then today?  Because as shown above the current dollar strength is inducing caution amongst businesses (see yesterday's US manufacturing ISM quote here) and the above noted conservatism amongst consumers...

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