FYI | Apr 05 2012
By Rudi Filapek-Vandyck, Editor FNArena
I 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 succinct 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:
– Bad timing or iron conviction? JPM just updated its AUD/USD forecasts to 1.08 average for calendar 2012…
– We are experiencing a bit of a shake-out in the commodities space: gold near 3 month lows, crude oil at 6 weeks low… AUD/USD at 1.02
– Today was only the second 100+ point sell-off on Wall Street this year. Aust market likely to fare poorly again with SPI -0.7% #ausbiz
– Dennis Gartman suggests US equities correction in progress: going gets tougher now that the Fed is (apparently) no longer loosening..
– Westpac: "Our basic view remains that the data flow in coming months will not support the current pricing levels of growth oriented assets"
– My "never fail" personal market indicator has provided an early warning. Complacency can become a costly sin http://tiny.cc/cj57bw
– Amidst all the hype about OneSteel's rebirth as Arrium: Deutsche remains concerned about debt levels and likely steel write-downs
– Reality versus perception: BRIC equity markets posted worst country returns in March, all negative in Q1. What does that say about US rally?
– Global debt: a future perspective from the Boston Consulting Group (do not read when feeling pessimistic already) http://goo.gl/g7DEi
– Blackstone's Byron Wien: future may hold more modest returns for equities, "but for 2012, I still believe we have higher highs ahead of us"
– CBA points out cyclical stocks were the biggest losers in US overnight with energy sector down 1% and materials sector down 0.9%
– Oz stockbrokers today: downgrades for Sonic Healthcare, Primary Healthcare, Pharmaxis and Virgin Australia. QBE targets up, RBS likes OSH
– Economists are herd animals. RBA meets and 24/24 economists in the Bloomberg survey expect no change. Not one going against the consensus…
– Oz stockbrokers today: downgrades for Metcash, Qantas, QBE and Westfield, plus (another) downgrade for Leighton, estimates cut for Incitec
– GS team in Oz agrees with "good buy view for equities" from European colleagues. Remarkable: prefer Oz banks over resources. Favour NAB, ANZ
You can add my regular Tweets on Twitter via @filapek
Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.
