The latest edition of Financial Orbit Highlights is out

Please find a link to the latest edition of Financial Orbit Highlights here

‘Looking for a consistent global view? Forget it’ 

There’s a lot going on at the moment.  The impact of the US mid-term elections, implications from the monthly ECB meeting in Europe, changes in Russian, Japanese and Chinese policy-making plus volatility in foreign exchange rates and commodities and the ongoing Q3 earnings season (of course).  If you pull it all together a casual observer would conclude that the differentials and challenges are building.  Funny how not much of this is reflected in investor sentiment or volatility measures.  Maybe that’s the dulling impact of expanding global QE.  It feels to me much more of a specific world than that.

So what have been my highlights of the last week?
 

• The US: bumper results season…but negligible wage growth;
• Political uncertainty and investor certainty;
• Europe: filling the balance sheet gap…
• …to nascent political parties;
• The rise and rise of the yuan (and draconian pollution controls);
• Alibaba and Randgold impress;
• Oil is kicking around an 8 year low

Feel free to contact me on any aspect of the above…or anything else in fact.

Chris Bailey                                                                                 
Founder, Financial Orbit
Email: chris.bailey@financialorbit.com
Web: www.financialorbit.com
Twitter: @financial_orbit