Sunday, 12 June 2016

Stories we should be thinking about

Ahead of the new working week here are a few finance and related stories to be thinking about.

Macro matters:

Not the easiest week, especially in Europe:



Certainly a strange world out there caution as expressed by bond prices is extreme...


...and look at the divergence of economic lead indications...far more uncorrelated than global equity indices: 


All eyes on the UK as the EU referendum polls stay tight but currently (if you believe them) just to the favour of 'leave'...

...as the worries re migration builds (but the reality is that the 'Turkey deal' and Euro6bn) has had an impact: 


Meanwhile the view from the German press is pretty clear: 


Well let's face it the German's need some help in ensuring good management of Europe - especially given the dearth of labour market reforms in France (link here): 


“Corporate debt remains a serious — and growing — problem [in China] that must be addressed immediately and with a commitment to serious reforms,” said David Lipton, the IMF’s number two and the leader of its latest mission, which ends on Tuesday.  Hmm, yes you can see what they mean: 


And not just in China...goodness the US private sector looks relatively prudent by comparison: 


 Hello (again) US$600 for bitcoin prices.  Chinese buying apparently...



...i am sure LNG suppliers are hoping for the same thing: 

And you thought that no jobs were being created...

 


Sector and companies: 

Interesting via @planmaestro on how buybacks are not necessarily highly influential on shareholder returns.  I see the logic - just returning the money is often not enough.
Kind of interesting on brands too:
As I observed on Twitter: 

Can you just imagine what would be valued at if spun-out? Will be adding to my position sub $700...

The Brexit impact...

'Budget airline easyJet has examined setting up a separate European business in case Britain leaves the European Union. Obtaining an air operator’s certificate (AOC) in an EU country, which would require it to establish a local holding company, is one of the options the FTSE 100 carrier has looked at as part of contingency planning in the event of a Brexit' (link here). 

Not convinced this is great tactic by Tesla: 



Have a good week 

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