Saturday, 1 August 2015

Financial Orbit wrap 31/7/15

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 – Some good and some less good news. Tspiras wins vote which boosts his authority/aids bailout terms acceptances but the IMF remain worried and said they ‘Won't Reach Deal With Greece On New Debt Program Until Greece, Europeans Find Way To Make Greece's Debt Sustainable’ (sounds like IMF trying to bounce Europeans into a debt restructuring). Meanwhile reports in the Greek press that a new wave of bank recapitalizations could lead to the loss of the bulk of the value of Hellenic Financial Stability Fund (HFSF) holdings in Greek lenders. In end-June 2014, the value of bank holdings owned by the HFSF came to 20 billion euros

No surprises that Greece has the worst sentiment but the best…hands up if you said Croatia!

(h/t @grodaeu)

2. Tyco reported today and I took the opportunity to review the US industrial conglomerate here.  I was quite impressed. 

3. Two mega cap oil stocks reported...first Exxon Mobile (link here)...

4. ...and second Chevron (link here) which out of the two I preferred at the margin. 

5. The latest Financial Orbit Speaks is out...

Financial Orbit Speaks is a regular macroeconomic and stock specific enhanced podcast by Chris Bailey, Founder and Chief Investment Officer of Financial Orbit Limited.

In this edition discussion on the low sentiment towards the emerging markets, volatility in the Chinese market, whether the US dollar can remain strong and insights from the Q2 earnings season.

You can listen/watch the latest "Financial Orbit Speaks" by clicking here directly on YouTube.

Good weekend to all! 

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