FYI | Jun 24 2011
By Rudi Filapek-Vandyck, Editor FNArena
I recently joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing financial markets myself.
While I am on Twitter, reading a quote here and a news flash there, I offer my own succint insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.
For those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:
– China Flash PMI barely positive at 50.1 – this is 2010 all over again. Short term trend to remain negative. Positive is that CPI should cool
– A candid Bernanke admits he doesn't have all the answers. Can the world handle the truth? Upcoming US results season will be super-important
– I'll be featuring on Sky Business today (Lunch Money, 12-1pm). Then, hopefully, off to Hobart for two days of investor presentations
– Economists are delaying timing next RBA rate hike. UBS says now October, Westpac says November (at the earliest), Goldman Sachs says 2012
– More good news for Oz equities. RBA won't be hiking soon, Westpac-MI Leading Indicator suggests
– Greece issues are a smoke screen. Real problem is decelerating growth the world around. Data need to improve for rallies to be sustainable
– Conclusion drawn by UBS economists earlier this week: Australian businesses seem over-employed. This suggests a peak for Oz labour market
– A lot of common sense from Russell Investments (AUD overvalued, as are commodities, no quick fix for equities) https://www.fnarena.com/index4.cfm?type=dsp_newsitem&n=AB316241-EE5D-2BD1-65EC9D48738ABFA1
– One view is gaining popularity among experts: resources have peaked for 2011. Citi states prices will be lower in 2012. Good for equities?
– One common theme among strategists: technicals for risk assets look absolu-tely awful. Long term trend lines under attack. Cautious Best?
– A break in the downtrend? Here's me talking the latest about share market – BRR's Afternoon Roundtable
You can add my regular Tweets on Twitter via @filapek
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