FYI | Sep 07 2012
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:
– One of those days: up, up and away (in Draghi's beautiful balloon). All is forgotten and forgiven, at least for today. The brave = rewarded
– Fireworks in the making? Lynas' US ADRs up 44% overnight on huge volume after temporary license Malaysian Atomic Energy Licensing Board
– UBS suggests Friday's non-farm payrolls will be key for commodities. Bad number = imminent QE = funds flows into EM and commodities = rally
– STOP THE PRESS: China import Iron Ore Fines Fe62 only dropped by 20c to US$86.70/t yesterday. Pause or near bottom?
– The Shanghai Composite closed down in August for the fourth-consecutive month, its longest monthly losing streak since 2004
– CBA analysis: present weakness in China manufacturing finds its origin in weak capex in developed countries. Sluggish production to stay?
– Chartist Daniel Goulding joins the chorus: expects Oz equities to peak by next week Thursday at the latest, "buy rumour, sell the fact" ?
– Stockbrokers are but human… Morgan Stanley forced to close trading ideas on iron ore miners as share prices went the unanticipated way…
– Almost forgot: China spot iron ore price Fe62 fell another 2.47% to US$86.90/t, marking 35.9% fall from its close of US$135.50 on July 10
– It's The Great Divide, in views and predictions (which are all over the shop) – here's 1 contrarian indicator says BUY http://alturl.com/7redm
– GS: On basis of current resource price forecasts, we believe RBA will be preparing itself for significant easing in 1H14, could become 2H13
– Citi predicts iron ore, coking coal prices to bottom in Q4, (subdued) recovery expected in 2013. Not different from 2011 say the analysts
– GS strategist Kaiser is advising clients to get out of US equities before Sep 14 on too much anticipation built-in, disappointment to come
– About hype and sheer herd-mentality: Facebook shares closed at $17.729. IPO priced at $38. That's a loss of…and we can still remember IPO!
– Today's profit warning from bellwether FedEx is not good omen. It adds to concerns US corporate profits have peaked, weakness lies ahead
– David Rosenberg: This is not same as QE2 when markets were oversold and trading near lows of trading range; quite the opposite today
– Dave Rosenberg: Looks like markets have now fully discounted more QE, which now puts bias towards disappointment as there is no QE timeline
– BAML drops Q3 China GDP forecast to 7.4%; says market expectations are still too high for H2 – more downgrades anticipated
– JP Morgan reports global manuf PMI seldom slips below 50, but it did in July to 48.4; near-term momentum appears to remain weak
– ANZ Bank lowers China’s 2012 GDP forecast to 7.8% from 8.2% previously, "with a further downside bias" despite anticipated policy stimulus
– Meanwhile in the background… clouds are gathering above US corporate earnings outlook… http://alturl.com/fdi53
– Wheels are coming off China's debt fueled steel bubble – will copper be next? http://alturl.com/y4wmv
– JP Morgan strategists predict ASX200 will end calendar 2012 LOWER than where it is today; no immediate avenue for "risk" as miners subdued
– Lest we forget: Citi says global econ still structural de-leveraging. This means lower growth, higher macro risks, challenges for investors
– Analysts at ANZ Bank launch new acronym: GFZ. As in: the world is turning into a Growth Free Zone = GFZ
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.
