Wednesday, 28 October 2015

Financial Orbit wrap 27/10/15

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. Merkel/refugee crisis - ‘But the refugee crisis that has broken over Germany is likely to spell the end of the Merkel era. With the country in line to receive more than a million
asylum-seekers this year alone, public anxiety is mounting — and so is criticism of Ms Merkel, from within her own party. Some of her close political allies acknowledge that it is now distinctly possible that the chancellor will have to leave office, before the next general election in 2017. Even if she sees out a full term, the notion of a fourth Merkel administration, widely discussed a few months ago, now seems improbable’ – fascinating read here (albeit it behind the FT paywall)

2. I write up the latest BP results here explaining why I believe they are still a valid pension fund holding with yield and some capital growth scope.

3. Mid cap UK defence company Chemring announced a rights issue...but I think the signalling is much wider than that as I explain here

4. With many European results out I make some more observations about BP and also BASF plus Novartis (link here). 

5. Lots of numbers out in the US too...pre-open these included Alibaba, UPS and Coach and thoughts on these names are written up here

And then after the close there was Gilead, Apple and Twitter amongst others...

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