1. Property versus pensions. No surprises that respondents have extrapolated the strong performance of property into the future...
...and look at poor old 'investing in the stock market'!
2. China consumer fest (written halfway through Singles Day / double 11):
It's Singles Day or double 11 day in China the biggest cyber-shopping event of the year. How big? Well, Alibaba's TMall online sales reached 10 bln RMB in 12 mins 28 seconds in Bachelor's Day. It took 38 mins last year. Alibaba's TMall online sales exceeds the entire US 2014 Thanksgiving sales in 7hr 45min 42sec !!!! 11 hours in, Alibaba's Singles' Day sales has passed the 55 billion yuan ($8.65B) mark. Last year's 24-hour record was $9B. Read about the history of this day here...and see Jack Ma of Alibaba opens up the New York stock exchange trading day here at a mere 84+ billion yuan of sales...
And the finale?:
Alibaba Singles Day final sales total $14.3 billionAlso the China data that came out was relatively inline:
China FAI (YoY) YtD Oct: 10.2% (exp 10.2% prev 10.3%)
China Industrial Production (YoY) Oct: 5.6% (exp 5.8% prev 5.7%)
China Industrial Production (YoY) YtD Oct: 6.1% (exp 6.2% prev 6.2%)
China Retail Sales (YoY) Oct: 11.0% (exp 10.9% prev 10.9%)
China Retail Sales (YoY) YtD Oct: 10.6% (exp 10.6% prev 10.6%)
3. I appear on Share Radio and talk about many things including the 'megabrew' deal between SABMiller and Anheuser-Busch InBev (link here).
Chris Bailey, Founder of financialorbit.com, explains the potential deal between SAB Miller and Anheuser-Busch InBev. Is the deal done or are there still hurdles to climb?
4. I write up some thoughts on Sainsbury's and Carlsberg earnings numbers (link here).