FYI | Oct 05 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:
– Marc Faber & Jim Rogers On Our "Clueless, Ignorant, Dangerous" Leaders http://tinyurl.com/9793avx
– Concludes Macquarie: bulk commodities have suffered badly from Chinese destocking, now look fundamentally oversold relative to base metals
– Explained -again- why professional funds managers are unable to consistently beat the market #equities #investing http://goo.gl/0yPDy
– Some counter arguments vis-a-vis predictions of a new long term bull market for US equities http://bit.ly/QItcb4
– Macquarie research suggests DOWNWARD pressures on banks margins to persist. CommBank downgraded to Underperform, WBC least preferred
– Dennis Gartman is long US equities and intends to stay long for the foreseeable future; short front end US bonds. Very much likes #gold
– Deutsche Bank predicts #gold will be outperformer among commodities in 18 months ahead. Projected to reach US$2000/oz by mid-2013
– This message may well be repeated for the next three days: #China import #IronOre Fines 62Fe unchanged at US$104.20/t – Chinese holidays!
– Time to move Overweight #Commodities? JP Morgan doesn't think so. Global economy still too fragile. Downside risks seen as "real"
– Barclays returned from #China visit with expectation #copper demand will remain subdued for longer, though consumption may rise into 2013
– Are businesses becoming too cautious regarding muslims? Ikea offers a case for discussion http://tinyurl.com/9eqz8vr
– Has the worm turned for #property prices in Australia? http://goo.gl/5epua
– September Investor Sentiment Survey – what's going to happen to all that cash (23%) on the sidelines? http://bit.ly/SYRFFO
– #China import #IronOre Fines Fe62 now unchanged for three consecutive days: US$104.20/t – where are the Chinese traders? All on holiday?!
– GS: out of 101 companies having provided guidance thus far, 72% has been negative. Market expectations double digit growth in Q4 too high
– GS: focus on US fundamentals starting… investors are in for rude shock as earnings growth likely to be negative with little sales growth
– CommBank estimates #China GDP growth at 7.5% this year = bottoming. Sees modest acceleration growth momentum throughout remainder of 2012
– JP Morgan's Global Manuf PMI rose in September for first time in 5 months; up 0.8 points to 48.9. See pickup output growth into year’s end
– Barclays: most funds flows into #commodities are in… #gold. Investors remain worried about growth. Long gold, short #aluminium and #cotton
– Forex.com 's Kathleen Brrooks: #gold is the de-facto QE3 trade. Resistance at US$1800/oz but investors remain worried
– A timely reminder the US economy is flirting with recession, but it may just put in a narrow escape (ex-Fiscal Cliff) http://goo.gl/qFXR5
– Post yet another disappointing PMI report from China, ANZ Bank predicts Q2 GDP will print below 7.5% and PBoC will soon lower RRR by 50bp
– France basks on bond market, but must cut deficit: analysts – FRANCE 24 http://dlvr.it/2FHfkw
– Interesting market observation from NAB: on Friday the Chicago PMI printed below 50 in September for the first time in three years
– And you thought US, Europe and Japan had an aging problem? Might as well add China to the list #underfunded #pension http://tinyurl.com/9dftna2
– BA-ML has updated China GDP forecasts: now expects circa 7.5% between now and Q4 next year. Argues recovery will be more U-shaped than V
You can add my regular Tweets on Twitter via @filapek
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