Editorial comment: ''.......25 states added jobs between July and August and hiring qualified workers is a problem for contractors.......... .....Labour Dept data/construction spend and industry reports suggests demand for projects remains very strong,but finding suitably qualified workers.... ....more hast be done to attract future interest in taking out a career in the construction industry''.... USA data. durable goods initial claims new home sales EU data: german gfk consumer confidence german ifo data/various Good day Thursday all
Analyst comment: ''I remain convinced that companies with secular growth,meaning not dependent on a stronger economy will blossom''. A strengthening construction sector is an economy bright spot and offsetting weakness in the export oriented manufacturing sector as one economist described. Housing permits a sign of future demand is up 7.5% from a year earlier with strong demand for family multi units and apartments Germany data: producer price index UK data: nil Recent nationwide survey reveals that 86% of contractors have difficulty in filling craft and salaried jobs as construction demand increases. Good day investing to all USA data: existing home sales
Economist comment: ''Markets should not dictate Fed policy/decision'' ''QE has seen a massive re-distribution from savers to debtors,bring back the savers,yes for Fed hike'' ''QE and 0% interest rates were supposed to reduce global debt it has increased it dramatically'' ''QE does not prevent deflation'' Fed hike already factored in to markets and if they go will give a very positive signal to markets on state of economy. China has 3.6trillion $ in Fx reserves and other levers/tools at its disposal Fund manager comment: ''Global macro is weak and any shift in US interest rates will have an amplified effect'' UK retail sales come in as expected Good day all
Analyst comment: ''Advanced economies central banks that have in recent years raised rates have had to reduce them again'' ''The problem for inflation is global overcapacity'' Editorial comment: FedEx trims outlook on weak freight demand. Fed Ex freight segment flat on weaker than expected economic conditions in manufacturing and global trade. Dow Transports: 8183 and flat for about the last three months. Ashtead/A-Plant: 14th. Septr Has recently taken delivery of 3 million £ of access equipment from Skyjack as it continues to enhance it's access portfolio. USA data: Philly Fed index housing various initial claims FOMC speak 2 million jobs remain unfilled in USA because of skill shortages Good day all
United Rentals to present at the' Citi 2015 Industrial Conference' on Septr 17th. USA data: ny empire state index retail sales retail sales ex-auto industrial production capacity utilization Fed hike not likely in September-general sentiment FOMC begins Wednesday till Thursday Good day Tuesday to all
City Investment CEO comment: ''Our strategy is to go overweight on equities.We are not day traders or one week movements.We plan long.We believe the long term value is in equities as opposed to US treasuries. Fed and BOE will eventually raise rates sooner or later and there will be huge pressure on debt instruments throughout the markets and also I think it's a bit of an unfortunate scenario where it's the end of a tale where retail investors are probably chasing institutional investors so one is likely to see these funds swings I think turn around and more money come back into equities. One example of that is in the UK where for 12 consecutive months we have only seen one net inflow into equities,but in the past 2 months we have seen inflows,so in the coming months one will see more inflows into equities. One could argue of course with the present volatility,why not hold out in treasuries even for a short time,but the crucial point is that it doesn't really matter when the rate hike happens.What matters is the rate of these hikes. It's true that it's going to be lower for longer,but it doesn't mean it's going to be low forever. One really doesn't know how the hikes will go,things could happen very fast. We are planning long and a return to normality,we are planning for the hikes to happen,the rate at which they happen will be the crucial point''. This week there's been a 19 Billion$ outflow from equities and 4 week outflow total of approx. 46Billion$ News from China this morning continues to signal problems with industrial production and fixed asset investment sliding and the fear! of the ability of PRC to handle the situation and rerstore confidence EU economic data Monday: Industrial production USA data: treasuries NYSE listed Palo Alto netwoks a cybersecurity star and has a lot of flying to do Good day Monday to all
AHT a proven and well run performer Some of Speedy or all of it's operation!!! could be up for grab$,well located facilities for example Bring in the PROFESSIONALS
In the rental business when the market looses confidence in your operation you go down quic£ Good to see share price go over £10+ again and hopefully the FOMC speak will be received positively Recent: Non OPEC suppliers production to $ink Oil drop$ again on latest Saudi move not to participate in any emergency OPEC meeting and still pumping away Transitory times Good day investing to all
General trader sentiment: Recent lows will be tested again if the Fed fails to communicate a clear message to the market at it's next FOMC. Once the Fed hikes it's a very strong positive signal to Market that economy is fine and it's all up and away again.
Veteran investor comment: ''Find bargains at discount prices and forget about building up cash'' ''S&P 500 to rise about 11% over the coming months'' General sentiment is that volatility will persist until a clearer picture on how Fed hike! and emerging markets affect earnings. Companies with continued decent earnings will be brought up by the market. First correction in 1000 days for a overvalued US market. USA data: initial jobless claims wholesale inventories import/export price indices UK data: rics housing survey boe speak US imports more than four times what it exports (9%)to China and the recent devaluation of Yuan can only be a plus Good day investing to all
Editorial comment: ''Capital flight is China's new confidence problem and investors are not that impressed with China's G20 reassurances and are voting with their feet'' China's export figures for August released today and markets could react negatively
Analyst comment: ''China has a debt overhang across the board which is rising exponentially and needs addressing/or could lead to credit crunch or systemic failure in 2016'' ''Chinese stock market still too highly valued and could fall to about 2000'' G20 sentiment is that China has to come clean as to the true state of their economy. Portfolio manager comment: ''We advise our wealthy clients who want to preserve and increase their wealth to invest on the long view and in a Bear market'' US data: consumer credit Germany data: balance of trade current account retail price index EU data: gdp UK data: brc sales monitor Good day investing to all
Hi Slipperyslope, Great move today. Maybe somebody told Market that the company name is not United Rentals The Beige Book when it began in 1970 was red and its first release to the public in 1985 the cover was beige and since it's been called the Beige Book Beige Book is published 8 times a year and is a regional economic survey including bank data etc etc and interviews with key people and is valuable for Fed decision making.Todays Beige Book reflects a more optimistic economic outlook. USA data Thursday: initial claims trade defecit ism non manufacturing EU data: pmi ECB interest rate retail sales UK data: pmi composite pmi services Ashtead hopefully will find a ta$ty bolt-on in the 2Q Good day investing to all
Decent set of results CEO Drabble comment:( part of....) ......''23% rental revenue growth clearly demonstrates the overall health of our broader markets and the benefits of our more transactional business model''....... debt to EBITDA leverage 1.8 times eps 20.3 p CEO goes on to say that AHT expectations are in line for full year and AHT continue to look at medium term with confidence Expect to open additional 50 new greenfield locations in 2015 £349 million invested in Quarter -------------------------------- Shanghai down - 1% DOW/S&P 500 futures healthy this am crude futures down -3%+ AHT once again demostrate their competent and resilient ability to grow a large company in a very competitive sector and also a good metric on the demand of the US rental and construction sector. A healthy surprise would be for a gridlocked Congress to come up with some healthy funding for the US infrastructure. AHT have demonstrated their flexibility in dealing with a hefty reduction in energy capex and when OPEC blink/or oil price eventually stabilises and crude prices rise again towards end of 2016! this will further enhance their profita bility. As one analyst commented we are in transitory phase where global markets adjust to low commodity prices. Chinese PRC have banned short selling,but not transparent enough on the actual health of Chinese economy and maybe they are not too sure themselves. They do not convince the markets,but going into 2016 hopefully we will have a clearer picture/optimism AHT once again deliver and A-Plant growing nicely Good day investing to all
Market comment: ''Death Cross chart patterns spreads to all corners of market'' Death Cross when 50 day MA moves below 200 day MA and is a short term turning into a longer trend market downturn Never a dull moment
Editorial comment: ''American contractors urge Congress to take up the federal surface transportation bill and set funding levels for many other federal construction programs as soon as possible once members return to Washington after Labour Day'' ''Construction spending and employment are still expanding well overall,however uncertainty over funding for transportation infrastructure,a contraction in oil and gas drilling and turmoil in international markets have left many local construction markets behind while others grow strongly'' ''Around half of US metro areas have seen a decline in construction jobs amidst tight government budgets and Congress remains somewhat paralysed and inept'' '' Construction jobs are up in 37 states and a total of 231000 construction jobs have been created since July 2014'' Market comment: ''OPEC have not succeeded in stopping the frackers and will have to blink as they are not the force they used to be in global oil markets'' AHT quarterly data released later this morning will be good,but market generally is too volatile to see a rise in share price at a sustained level and probably will decline further. Some analysts say market will be volatile for months to come as China continues to unravel and uncertainty over rate hike. China's service sector supposed to be a bright spot has begun to look suspect on recent data release . Another ugly day for markets(1st) and not the best atmosphere for todays AHT earnings data. USA data: crude inventories factory orders fed beige book unit labour costs Q2 total vehicle sales EU data: ppi UK data: construction pmi good day investing to all
USA data OK but inflation declining,Fed hike may now be December. Data Tuesday: ism manufacturing domestic vehicle sales construction spending UK data: consumer credit mortgage approvals money supply
A-Plant has ordered a variety of 320 diesel generators that are EU/DEFRA Tier 3 emission/oil pollution compliant and operate with an ultra low noise facility. A-Plant says it continues with its innovation and fleet enhancement growth model to offer customers the very best.
Market comment: ''Market to fall further as their is no catalyst to take them higher,historically it would be the Fed easing,but the Fed is out of bullets and has no additional liquidity'' ''Market still 1.4 trillion$ in red after rally'' ''China has a highly leveraged construction sector and unsustainable debt levels after 7 years of borrowing and is the real reason for market crash'' ''Chinese stock market operates like a casino'' ''One risk the Fed is only too aware of is that they run the risk of destabilising the global financial system if they hike in September'' ''The recent rout is not because of the US/EU economies,the cause are the emerging economies and the absence of a credible and stabilising 'circuit-breaker' ie,a Central Bank like Fed and ECB and BOE'' Oil comment: Oil moving again will be a welcome catalyst as one commentator put it,BUT that is not expected till the back end of 2016/or early 2017! What did Draghi/ECB say some months ago: ''Volatility is here to stay and get used to it'' Jackson Hole get together starts today and will give Markets a better idea on what lays ahead! But all will change and blue skies for all when Donald Trump takes over ''viva el presidente'' USA data: pending home sales initial jobless claims gdp EU data: m3 money supply Market comment: ''A lot of new money is fence sitting and those invested are pruning and lightening up'' Good day investing to all
Market comment: ''It will take some time for confidence in market to re-build'' US consumer confidence data came in surprisingly well. US Housing data came in well. German IFO data came in well USA data: crude inventories durable orders