Tuesday, 24 November 2015

Financial Orbit wrap 24/11/15

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. Without any 'flash' data from China anymore it is interesting that the headline SMI is flattish...

(h/t @Callum_thomas)

Also on China I found this report fascinating...could we see a weaker yuan to help out as well as lower Chinese interest rates and general stimulus...but all that is going to do is pile more pressure on the US dollar/US economy...

Meanwhile recall that a head of a Chinese brokerage could not be contacted – well Bloomberg note that 12 heads of private equity firms could also not be contacted.

2. As I wrote up here:

Rolls Royce - a few thoughts after the much-anticipated corporate update

3. In the US I write up Tiffany's and Campbell's Soup here.  Suffice to say one of the names impresses me more than the other...

4. Some...diversified US economic numbers out which I summarise as: 

US economic short: better GDP, shabby consumer confidence, v patchy Q3 corporate earnings season. Correctly concludes don't go thru 100

5. Meanwhile, it was a funny day on the markets with the Turkish jet downing impacting...but not always in the sectors/stocks that you would think including the commodity names: 

Smell of sector rotation or just (US) holiday shortened week short covering that boosts / on a couple of geopolitical headlines?

Got to keep watching...the key remains that US dollar trade weighted measure...

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