Tuesday, 17 November 2015

Financial Orbit wrap 17/11/15

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. Attack impact – Constancio of the ECB noted the Paris terrorism ‘can compound all the problems that we were already facing’ with the economy.  Praet the ECB chief economist noted ‘it’s clear these sort of events do not help restoring confidence in the recovery, so this is something we will watch’. Noteworthy too that terrorism is the primary concern for US voters for the first time this year, tying with the Economy (via Rtrs/Ipsos).  Whilst the equity markets have been relatively calm the euro is currently at c. $1.0659, its weakest valuation on an intraday basis since April 15.  Meanwhile - of course - the DXY (US dollar trade weighted) is so close that round number 100 resistance point...


2. Commodities vs equities - got to be thinking that the former area is where the value is...


(h/t @eurofaultlines)

3. I talk about easyJet and B&M Euro Value Retail here.  There is only one I would consider buying at prevailing...


4. I briefly review the new Walmart numbers here...and contrast my views with my last write-up in October.  


5. The BoA-ML Fund Manager Survey report always throws up some interesting insights.  I pick out a few of the more interesting charts here.  


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