Thursday, 1 October 2015

Financial Orbit wrap 01/10/15

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. Looking forward into Q4...

October an interesting month always!

As is the last day of Sept / subsequent Oct performance! 2008 or 2038 anyone?!

(h/t @RyanDetrick)

2. PMI day #China - Caixin/Markit's purchasing managers' index for China's services sector fell to 50.5 in September from a reading of 51.5 in August. This is its lowest level since hitting 50 in July last year. There seems more attention however on the final reading on China's manufacturing PMI for September slightly higher to 47.2 from the initial "flash" reading of 47 released last week.“Tepid demand is a main factor behind the oversupply of manufacturing and why it has not recovered.”

(h/t @JohnKickLighter)

3. European PMI day...just an ok set of numbers...

...but note the downbeat comments.  More QE is very likely:

4. In my latest Yahoo Finance Contributors column I write on "The theme I like best for the upcoming results season" which includes this chart below from the ECB themselves (link here): 

5. As for the global manufacturing PMI, well generally slowing across the board.  Still not as easy world out there...

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