Friday, 12 June 2015

Financial Orbit wrap 12/06/15

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. Volatile China flows  - according to data from EPFR cited by Fast FT, foreigners withdrew $7.1bn from funds tracking China in the week ending Wednesday. The outflow dwarfs a record $4.6bn inflow in the last week of May. Blame based on lack of immediate entry into MSCI EM indices.

Still ALL China A-shares stocks as per yesterday were at/above their 200 day moving average.  All!

2. The rise of uber in China: stunning!

(h/t @HaidiLun)

3. I use my latest Yahoo Finance Contributors column to write about Prada and their 'contrasting trends' macroeconomic observations:
Staying in the luxury space I also write about Hermes and brand value here.

4. Big old bond market outflow...

Lots of negative sounding bond news around today on issues such as Greece, Ukraine and even a negative outlook switch by S&P on UK gilts.  

5. And finally...have a good weekend. 

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