FYI | Jun 14 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:
– Goldman Sachs points out Oz labour market weaker than headlines suggest; underutilisation rate at 12.9% now weakest post-GFC
– Morgan Stanley suggests investors are ignoring the fact that Oz #retailers are executing better online strategies. Upgrades Myer Overweight
– UBS says time to reconsider Oz banks as bubble has partially deflated. Shares still not cheap but likely to find support on multiple factors
– JP Morgan analysts in UK: "Compelling value proposition has emerged – #RIO should be on the radars of value focused investors" #mining
– Citi analysts state #gold's "bear market rally" has run its course. Global industry now awaits write-downs, very tough shareholder questions
– Too early to start buying #BHP Billiton, says CS. Analysts see further slowdown #China until Beijing forced to act and support later in 2013
– NAB analysts report overnight spike in AUD partially caused by Japanese bid for Rio Tinto's coal assets #commodities
– Concludes ANZ Bank: see little chance that the current negative sentiment towards #commodities will change quickly
– How low can #AUDUSD fall, asks Gain Capital. Technical support levels 0.9320, then 0.9145 (38.2% retracement from July 2011 high), then 0.90
– Nomura analysts suggest market consensus to be disappointed by further slowing growth in #China; projects 7.3% GDP growth in H2 #commodities
– Australian dollar is reversing its role, now taking most of the blows, providing support to #equities – this is why BHP is still around $33
– The Hindenburg Omen – even Goldman Sachs is now talking about it (seeing negative bias equities for now) http://goo.gl/0CG0u
– Deutsche Bank: believe #ironore market looks very similar to conditions last year. Has advised clientele to go short, price can go sub-$100
– BA-ML strategists believe global #yield trade to remain a market focus, maybe more so among cyclicals instead of simply high yielding stocks
– That conclusion expressed today by stockbroker Moelis after yet another downgrade NRW Holdings (#NWH). "Value" in prolonged downtrend? 2/2
– Imagine: "following a 67% share price decline over the past year, we see identifying a prospective share price floor as a challenge" 1/2
– ANZ Bank cuts #China GDP forecasts to 7.6% this year and 7.8% next, blaming weak data this weekend. PBoC expected to cut rates soon!
– Morgan Stanley believes forthcoming weakness #ironore price should be temporary. Anticipates opportunity for the patient investor #investing
– Morgan Stanley analysts returning from #China trip: are we witnessing shift in steel sector's #ironore inventories? Suggests more weakness
– ANZ on dismal #China data: China’s export sector looks grim on loosing competitiveness because of strong yuan, rising trade protectionism
– World won't run out of raw materials: BHP http://bit.ly/194H4Gv
You can add my regular Tweets on Twitter via @filapek
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