Monday, 19 October 2015

Financial Orbit wrap 19/10/15

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. Chinese growth - China GDP (YoY) Q3: 6.9% (exp 6.8% prev 7.0%).  GDP growth slowest this century...

...but clearly could be worse.  Some early reaction here.  Of the other numbers China Retail Sales (YoY) Sep: 10.9% (exp 10.8% prev 10.8%) fine but industrial numbers (e.g. China Industrial Production (YoY) Sep: 5.7% (exp 6.0% prev 6.1%)) a bit weaker.  

Perhaps the most useful number is that Chinese Services Accounted For 51.4% Of GDP As Of End Of Sep = the rise of the Chinese consumer continues apace

2. 'With the share just below the Euro60 level the shares just remain a ‘BUY’ but are close to flicking into ‘HOLD’.  Overall excellent conference call however reiterating that Danone is clearly a preferred name in the Europe-listed consumer space (far more attractive at-the-margin versus say a Nestle)'.  Link here.

3. A few tweets I posted during the day:

After listening to the Halliburton conference call...

‘visibility is murky at my 22 years in the business I have never seen a time when we have had less visibility’ - CEO

4. Lack of buyers aka a real lack of confidence/faith in Europe.

5. I liked this (link here)

Thought-provoking post

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