Monday, 8 June 2015

Financial Orbit wrap 08/06/15

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. China - Imports to China fell 17.6 per cent year-on-year (in US dollar terms), nearly twice as bad as forecasts for a 10 per cent tumble. This is the seventh straight months of falling imports, suggesting consumption in China continues to wane.  More rate cuts please is the common reaction to all this...which is why the Chinese market is up this morning:


Of course, as pointed out by @S_Rabinovitch, Chinese exports have not really been a huge net contributor to GDP growth for a while...


2. I wrote up my thoughts and favourite slides from June's Ericsson Mobility Report including a stunning proportion of mobile phone adds in India during Q1...



3. I muse about Michael Kors and Coach - two out-of-favour US retail shares/brands here

4. Not the greatest post-election British regional PMI chart although still above 50.0 at least...


5. Otherwise in Greece the debate continues...and whilst Athens economically burns, President Obama has to formally say he did not call for a weaker US dollar (but the US dollar goes down anyway and hence the euro up...) and hence the German DAX goes into correction mode with over a 10% fall...


...that's the trouble with a lack of political/economic cohesion in Europe...its spills over.  

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