FYI | Nov 30 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:
– CIMB retains view RBA will wait until Q1 next year to lower the cash rate, although economists acknowledge it is a close call #RBA #equities
– BA-ML strategy for 2013: bullish on equities and credit, bearish on bonds and neutral commodities. Japanese equities most favoured
– GS thinks investors' focus will shift in 2013 to stocks offering growth and yield. Projects double digit returns for Oz equities next year
– Crude oil (finally) joined the metals in jump higher, but gold still a bit confused and spot #ironore down a further US$1 to US$116.90/tonne
– Sell off for Starpharma today? Company missed Phase 3 primary endpoint, RBS Morgans analysts predict investors won't be pleased. Target $1?
– Changes to UBS Model Portfolio for Oz: added ALL, ARI, BLD and JBH (oops?) and removed NRW Holdings (timely?), TPI, QBE, NCM and ORI #stocks
– Post Greek debt deal Citi persists: still see a 60% probability of Greece leaving the euro in the next year or two #Greece #eurozone
– Spot #ironore priced unchanged in Shanghai trade at $117.90 per dry metric tonne #ausbiz #miningboom
– "The recession we had to have". 22 years ago today today Paul Keating uttered these words.
– Ooops! Shanghai Composite closed below 2000 yesterday and spot #ironore Fines Fe62lost 30c (-0.25%) to close at US$117.90/tonne
– GS prefers BHP over RIO as the latter's outlook too much tied to iron ore while BHP has exposure to shale gas and tight oil. Premium stays!
– Citi warns about "value traps" in global mining stocks. Most favoured stocks are BHP Billiton, Aquarius, Kazakhmys. Note absence Rio Tinto
– Citi maintains flat outlook for industrial commodities in 2013; resources equities expected to underperform. Stockpicking = all-important
– Blackrock expects main macro headwinds to remain in place in 2013, but (again) with potential double digit returns for equities. Not bad?
– Oz Stockbrokers today: Upgrades for AGL Energy, Challenger, downgrade for Fleetwood. Observation: more upgrades than downgrades in week past
– Those jumping on the weakening JPY trend be warned: Danske Bank foresees imminent short term correction, but longer term weakening intact
– BAML believes there's simply no two ways about this: Oz economy needs additional support from monetary policy post peak in #mining #capex
– UBS sees continued headwinds for Oz equities due to absence of profit growth. Expects 0% EPS growth in FY13, with 3% growth ex-materials
– JP Morgan analysts' conviction has grown copper supplies will disappoint in 2013, with sluggish demand recovery market likely near balance
– Citi: outlook for future economic growth remains uninspiring, global equities should remain supported by dividend yields, share buybacks
– CBA cuts growth forecasts 2013. Says biggest risk to world economy remains US fiscal cliff and risk of US recession in first half of 2013
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.
