FYI | Aug 02 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:
– JP Morgan holds on to expectation that prices for #metals will rise in second half of 2013 #China #commodities
– ANZ observes global growth momentum has shifted to developed economies, but only US seems sustainable. Worries about China (and thus Asia)
– Good news now bad news? #China's positive PMI surprise further reduces chance of stimulus, says Citi #commodities
– FNArena has launched its August Reporting Season Monitor – stay up to date with what really matters this season: http://goo.gl/3SFvM6
– CBA's response to #China PMI: it is clear that the manufacturing activity will not pick up in a more pronounced fashion in near term
– What wealth effect? Real US consumer spending growth falls to 1.8% yoy, never this low except around a recession.
– $A below $US0.90. Timing is always hard but I remain of the view that its on its way down to around $US0.80. Its exactly what the econ needs
– Prediction from Danske Bank: this week's econ data in US will support beginning Fed tampering from September onwards #Investing
– Deutsche Bank sees early signs dynamics are turning for general #insurers. Downgrades IAG to Sell and SUN to Hold, but retains Buy for QBE
– Glenn Stevens has made an impact: economists now shifting towards rate cut in August (if they weren't already positioned for it) #RBA
– In case anyone's still interested: #copper sank to 3-week low overnight and #China spot import #ironore Fines 62 lost -0.80 to US$130.90/t
– Goldmans predicts all #ironore producers in Oz likely to stay in business and profitable, but it remains dependent on further softness AUD
– Macquarie: #China announcing yet another audit of local government debt is a bit of a worry, but growth unlikely to be sacrificed #resources
– Macquarie states the obvious: #Breville (#BRG) now fully valued and likely to consolidate. Outperform rating retained on longer term view
– Uh Oh… Citi strategists see #gold below US$1,100/oz before end of year, average below US$1,150/oz in 2014 on the back of QE tapering
– Only 70 stocks of S&P 500 have dropped in value since the end of 2012 http://direxion.ws/193seAh
– Citi expects #China’s growth 7% on average in 2014 & 15, incl dip below 7%, capping growth export-oriented & #commodity-producing economies
– CS: wary about being too negative on #resources because of looming inflection point. Still scope to be negative on smaller resources stocks
– Macquarie reiterates why #Flight Centre (#FLT) is such a fantastic business. Dispels misconceptions and says Outperform, with $53.16 target
– Macquarie reiterates slowing #China is not cyclical but structural. Will have effect on ASEAN region. Projected growth 7.3% 2013, 6.9% 2014
– Under siege, JPMorgan to quit physical commodities http://reut.rs/14SWE6o
You can add my regular Tweets on Twitter via @filapek
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