Tuesday, 18 August 2015

Financial Orbit wrap 18/08/15

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. Moody’s estimates - 1.5% for Europe this year and next year?  Sounds below trend to me (still):

Globally, Moody's cuts US GDP forecast to 2.4% for 2015 and sees China's growth declining to 6% in following years.  Wonderfully lampooned below:

(h/t RANsquawk) 

2. So volatility is back for the Chinese market...but the more I think about it the key is centred (at least today) on the decision to expand other support mechanism (and maybe less shorter-term interest rate reduction potential).  Link here.  

3. I write up my thoughts on the Wal-Mart numbers...which included another earnings downgrade:

4. Far too many interesting charts around the new fund manager survey...capitulation?

5. And linked with the above, a really interesting global earnings direction chart.  Emerging markets are way out-of-favour with bad earnings momentum.  

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