FYI | Aug 30 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:
– BA-ML finds Oz reporting season has been disappointing, "especially in light of the substantial earnings downgrades that preceded" #stocks
– UBS maintains: do not see the #China relief rally for #commodities having much follow-through. Prefers #Energy instead of metals (Neutral)
– Interesting (2): UBS says labour market will have final word on local growth. Cost base management to remain priority, estimates too high
– Interesting: UBS economists lower Oz capex projections "sharply" as latest survey lacks signs of re-balancing
– Macquarie says strong sentiment Chinese Steel, Cement industries appears to be peaking. Re-stocking supporting #ironore, coking coal price
– Base metal prices fell for second day on LME. Gold, Oil down too. Spot #ironore down US20c to US$138.30 a tonne #Commodities
– The Mexican Crisis of 1994-95, the Asian Flu of 1997 and the Russian Crisis of 1998 were preceded by a turning point in U.S. monetary policy
– CBA: Oz non-mining capex share of GDP is at lowest level since 1994; non-mining capital stock as share of GDP is at lowest level since 1977
– Looks like the divergence between stockbroking analysts' views on Qantas (#QAN)) and share market investors/traders has been resolved: up 9%
– Sportsbet has already called the election result and paid out on a Coalition win! http://www.sportsbet.com.au/blog/home/sportsbet-pays-out-early-on-coalition-to-win-2013-election?CarouselSB1 …
– UBS still sees correction spot #ironore ahead Sep-Oct, but recovery will follow in Q4, hence sees upcoming buying opportunity #Equities
– BA-ML sees tapering risk #China equities, not economy from hot money outflows causing another credit squeeze. Sees #Equities lower year-end
– My take on Oz equities right now: not as much "value" as one would be inclined to expect – Stock Picker's Challenge http://goo.gl/d7Eaqx
– Says Morgan Stanley: #ironore price strength suggests mild growth rebound in #China. Govt is providing stimulus through infrastructure
– JP Morgan thinks European metals use has likely bottomed, removing a significant headwind for global metals demand #Commodities
– Citi strategists near term cautious as US stock market may be range-bound until year-end, but believe S&P500 could hit 1,825 by mid-2014
– Citi analysts believe "poor Winter fashion direction" is depressing sales at David Jones (#DJS) and Myer (#MYR) #investing
– Macquarie: outperformance of developed over emerging markets has much further to run, expect to see this play out in global fixed investment
– Indonesia is removing export quotas on mineral and metal ores. Should be bearish news for #alumina, #aluminium and neutral for #nickel, CBA
– Dennis Gartman sees bullish outlook for US equities and #commodities as investors adopt view Fed tapering won't be imminent
– UBS targets 5250 on ASX200 by year end and 5400 by June 30 next year. AUD/USD seen tracking to 85c by June 30th next year #investing
– Remarkable: Global Asset Allocators at Citi maintain view #commodities likely to generate strong negative returns. Prefer stocks and cash
You can add my regular Tweets on Twitter via @filapek
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