Wednesday, 19 August 2015

Financial Orbit wrap 19/08/15

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. China / emerging markets – Chinese market still volatile, down earlier today and now up into the close.  Only the masses still piling in however from the perspective of net new account flows...


At least the yuan has stopped falling…


2. Glencore shares fell sharply.  I wrote up the numbers here - and was not impressed.

3.Carlsberg numbers also did not meet hopes...but the question is at what price do you buy the shares? Link here.  

4. Still not impressed by Sina and Weibo (link here).



5. So the Federal minutes were a bit mixed.

'Approaching' rate decision but 'subdued' wages & various worries. Think people too optimistic re rate change

Meanwhile as I talked about in yesterday's wrap don't be too fearful of a first US interest rate rise.  Actually it may lead to returns you do not expect:


(h/t @ukarlewitz)

No comments:

Post a Comment