Tuesday, 15 September 2015

Financial Orbit wrap 15/09/15

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. Golden age of corporate profitability – is it over? – this link highlights challenges for the average corporation…

...but also solutions too:

2. Ahead of the Fed – Fitch add their voice citing potential volatility from a rate rise in the US 

Meanwhile are the Ems pulling back global QE?  More required!

(sourced from The Financial Times)

3. Really busy day at the Afro Business Expo where I made a presentation and met lots of interesting people.  If you would like a copy of this presentation please send me an email at chris.bailey@financialorbit.com

4. So what did I 'miss' in today's financial markets?  Well a bit of a turnaround market ahead of the Fed...even if as Fast FT noted the economic data was a bit patchy:
Retail sales rose 0.2 per cent in August from the prior month. While that is weaker than the 0.3 per cent forecast by economists and slower than the 0.7 per cent in July, the increase suggests consumer confidence is holding up despite the recent market turmoil.
But if consumers are reaping the benefit of the stronger dollar (which makes imports cheaper), US manufacturers are less fortunate.
US industrial production fell by a steeper than expected 0.4 per cent in August. It was the sixth time in eight months that the measure fell from the previous month.

5. As for European data...well the trade surplus may have been another record but as the shabby ZEW German sentiment survey showed this is because Europe is just not growing that much: 

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