FYI | May 24 2013
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:
– CS FX analysts are now calling AUDUSD to weaken to US$0.92 in three months and to US$0.85 in 12 months. Big boost seen for mining stocks
– BA-ML London clients feedback: right strategy is to be max long risk until Fed dares to take the punch bowl away. How far can melt-up go?
– Citi sees ongoing supportive conditions for Oz #Banks shares. What could change this? Rising rates, earnings shocks and some 'other' factors
– Present substantial pullback in #mining capex is building fertile platform for next upswing in #commodities prices. Come back in 2016-17?
– In environment of extremely high corporate debt, low corporate margins & return on assets, monetary policy begins to lose potency. #China?!
– Most asked question: what'll happen with Big Four #Banks share prices? Here's our assessment http://bit.ly/14Tgefp #equities #yield
– Post outside reversal signal US #equities. BTIG reports since 1980, S&P500 has performerd BETTER than average after such signal. Confusion?
– Technical chartists all up in arms about "outside reversal" signal US #equities overnight. Time for that long anticipated correction?
– Goldmans the latest to highlight increased downside risks for Cochlear (#COH); downgrades to Sell with $63 price target #equities
– My take on what a weaker AUD means for the Oz share market: http://goo.gl/arstR #equities #investing
– Bad news not over. Moelis anticipates year of contraction which will see first decline EBIT in 13 years for Monadelphous (#MND). Sell
– Is it just my observation or is there another explosion in junk and malice emails? A sign of tough environment for business in real world?
– Bigpicture themes for #markets and #FX from Credit Suisse's Chief Economist Neil Soss via @t_financialist http://www.thefinancialist.com/diversification-and-demographics-a-conversation-with-credit-suisse-chief-economist-neal-soss/ … #trading
– The Dow has gone 99 days without a 3-day losing streak, longest since 1927. Invitation for a “blow-off top”? http://on.barrons.com/16P6fvT
– NAB cuts #China GDP growth estimates to 7¾% in 2013 and 7½% in 2014 (both from 8%), but still requires improvement in activity coming months
– Good point! Jefferies: Markets led by defensive sectors rarely fall as much as investors believe as positioning is already risk averse
– All a mirage? CBA survey of businesses suggests Oz exporters really only start to feel benefits of a lower currency when below AUD/USD 0.90
– BA-ML's Saul Eslake points out the obvious: further weakening #AUD poses risk to Oz #inflation outlook. Sees US$0.96 by end 2013, down risks
– Citi US economists predict pace QE purchases to step down from US$85bn to US$50-$60bn by September, with QE ending at the start of Q2 2014
– Remarkable: JP Morgan economists note global #inflation now at lowest level since late 2009. Central bankers can remain loose, and will
– Overnight: price action #commodities rather minimal, with negative bias. #USD weak. #China spot #ironore up by US60c to US$123.60/tonne
– China's copper imports declined in April to the lowest since June 2011 | http://bloom.bg/14M58J7
– Did you know? ASIC "accidentally" censored 1200 websites in Australia last year? http://bit.ly/190qm9G
– Macquarie sees more #ironore price weakness ahead, but also "counter-consensus buying opportunity" in the second half of the year #resources
– UBS global strategists have selected 5 asset bubbles: 1. US Treasuries 2. credit 3. Asian real estate 4. some equity markets 5. Aussie banks
– Overnight: #commodities mostly up as weaker #USD showed the way. US #equities took a breather. #China spot #ironore down US10c to US$123.00
– Don't forget that the first 100 to register for the conference get to go to the David Novac Master Class, which… http://fb.me/JKTkT1Hd
– CLSA has downgraded Monadelphous (#MND) to Sell with price target of $14.60 on negative 2-year outlook for margins and for profits #equities
– UBS cuts earnings forecasts for apparel #retailers across the board by 1-2%, but says short term issue only. Investors should buy for LT
– BA-ML observes US economy has shown a lot more resilience than anticipated, but the full impact of the fiscal shock has not arrived yet
– Citi spells it out: earnings at risk for all apparel #retailers and department stores. Likely downward pressure on share prices #equities
– #China spot #ironore dropped 1.5%, US$1.90, to US$123.10/t on Friday. Total loss for the week is US$6.50 or 5%
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.
