Monday, 17 August 2015

Financial Orbit wrap 17/08/15

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. Greece/Germany – Mrs Merkel cancels trips to Italy, Brazil in order to maximise her time in Berlin to ensure on Wednesday the country’s parliament votes through the Greek bailout proposals.  Weekend press reports show split in German thinking although expectation is that the vote will go through. 

Meanwhile chat in the German press of a very long duration Greek restructuring potentially...

Eurogroup Mulls Avg 60-Yr Bond Maturity For Greece – Handelsblatt
(h/t @LiveSquawk)

You know what that reminds me of?

2. The latest IMF report on China released late last Friday is worth a read (link here).  Of course many will focus just on the forward GDP estimates / statistics...

...but actually far more interesting insights can be found from the range of charts in the rest of the report which often stretch way beyond just the pure GDP statistics/estimates, especially as the report was based on a visit to the country which concluded during July i.e. before all of the yuan volatility and related news hit the wires.  

A few charts that struck me in particular can be found here.  

3. I write up the Estee Lauder numbers - link here.  

4. A couple of tweets I found interesting: 

Last week, 13 of 16 co's reporting missed their sales target. Estee Lauder is 1st of 19 reporting this week & it missed on sales.

5. Biggest change in earnings over last 4 mths is compression of industrial sector earnings...surely driven

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