FYI | Jul 19 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:
– Participate in FNArena's Investor Sentiment Survey for July (only takes up a few minutes) http://bit.ly/13PTbq3
– Macquarie: further rate cuts needed in #Australia to sustain RBA stimulus currently in place, and guard against material slowing in growth
– Macquarie: #nickel market has been in large surplus so far in 2013. Without significant production cuts will remain in large surplus 2014
– Rudi Filapek-Vandyck: dealing with investment climate change and finding all-weather performers http://goo.gl/0NhcQ #TradeInvestSyd
– Standard Bank: recent trends indicate that physical #gold demand from China eases above US$1,300/oz, puts with strike at US$1250 popular
– One of best performing stocks on ASX, McMillan Shakespeare (#MMS), has been struck by regulatory risk. Now uncertainty will rule its outlook
– CBA thinks current steel production in #China unsustainable, but if current growth rate continues, #ironore prices forecasts need increased
– Overnight: quiet volumes with equities lower, oil stable and most commodities higher as USD fell. #China spot #ironore up 1.7% to USD129.0/t
– With both spot #ironore, AUDUSD moving counter-expectations, BA-ML has put through significant FY14 EPS upgrades for junior iron ore #miners
– UBS expects subdued commodity prices in 2013-15 (after cutting forecasts) as macro backdrop has further deteriorated. #BHP preferred
– Macquarie: downgraded entire growth profile for #China. Hence downgraded 2013 GDP growth forecasts for ASEAN region. AUDUSD cut to 86c FY14
– Citi rates most OZ #HealthCare stocks Sell as PE multiples are too high and upside growth surprises (probably) absent. ResMed preferred
– Citi (also) (again) lowers #commodity prices forecasts. Advises "curb your enthusiasm", it’s probably still not time for bottom-fishing
– CBA latest to (again) cut #commodity prices forecasts on the back of stronger USD projections for years ahead. AUD weakness providing relief
– #China #ironore remains in its own space. Base #metals all down overnight, but Fines 62% up 0.10c to US$126.90/t. Oil up, gold stable
– NAB sticks with 7.5% GDP growth forecast for #China this year. Monetary policy likely to remain tighter for longer, with downside risk
– ANZ Bank believes #China supportive policy action is forthcoming and will support GDP growth 7.6% for the full year
– Danske Bank lowers 2013 #China GDP forecast to 7.4% (below official target of 7.5%), maintains Beijing reluctant to add stimulus
– BA-ML believes Oz discretionary retailers at risk of big profit drags due to AUDUSD hedging at parity and currency now at 90c #equities
– Macquarie cuts #China base case GDP growth forecast to 7.3% (7.8%) 2013, to 6.9% (7.5%) 2014 as result of structural problems within economy
– Next! Macquarie (again) cuts forecasts for #commodities for this year, next and longer term as global headwinds continue to build
– Citi changes view: August RBA rate cut now seen as option of "least regret" as Oz economy needs more stimulus #Australia
You can add my regular Tweets on Twitter via @filapek
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