FYI | Oct 12 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:
– Surprising, maybe, but Macquarie states it's still not too late to jump on the #CSL rally. Next 2-3 years should see double digit growth
– BAML: Expect no big stimulus from #China, but Beijing will definitely roll out more easing and stimulus measures to support econ+fin markets
– UBS lifts year-end target for #ASX200 to 4600 with preference for #ironore and #gold exposure. Concedes might be too conservative
– Citi advises being Overweight Asia ex-Japan and Australia. Likes mining stocks. Avoid Japan and avoid continental Europe
– Citi strategists move Overweight US equities. Forecast 9% return global equities by end 2013, but admit risks are to downside of projection
– #ironore rally running out of steam? iron ore price fell by US$1.90 or 1.6pct to US$115.80 a tonne after three days up
– Remarkable: Macquarie puts ASX200 target for Oct 2013 at… (wait for it)…4542. Believes most of earnings growth is already priced in
– Goldman Sachs acknowledges: no question global growth slowing and the tone of earnings season is that corporate results are going to be down
– Report technical analysts at Barclays: #DJIA ("Dow Industrials") confirms short-term double-top and further near-term weakness
– #ironore: trend is your friend? Spot iron ore price up by US50c or 0.4pct to US$117.70/t – 3 days up since #China returned from holidays
– Guest Post: The Unstimulus http://tinyurl.com/9eado78
– Morgan Stanley analysts believe things are shaping up for a very big revenues quarter for Woodside Petroleum (WPL) – re-rating ahead?
– Daily #SPI top 200 #ASX analysis: 7% oversold (very low), 54% overbought (highest in 2012) and 68% of #stocks above their LT moving avg.
– BAML believes the era for bond outperformance has come to its end. Can 2013 bring The Great Rotation back into equities? ("possibly")
– Says BA-ML: AGM season might bring out warnings as forecasts remain too high. Candidates include SEK, AIO, QRN, TOL, JBH, HVN, WES & TLS
– #Ironore may fall back below US$100/t in 2013 as global slowdown hurts demand; #China Metallurgical Industry Planning & Research Institute
– UBS sees short term downward pressure on crude oil, is not enthusiastic about base metals and believes #gold remains the best commodity bet
– Spot #ironore on a rocket post #China's Golden Week: up by another US$6.80 or 5.8% to US$117.20 a tonne after lifting 5.6% on Monday
– Reports JP Morgan: "quality" has started to underperform in global equity markets. Early stages for The Big Switch?
– BAML persists: #China’s weakening industrial outlook will weigh on the commodities cycle. Cautious towards resources services providers
– Says NAB: odds improving for US to avoid fiscal cliff (good for risk sentiment) but doubtful US will avoid negative ratings actions in 2013
– JP Morgan maintains #China GDP to bottom in Q4. Estimates 7.6% growth for 2012 and 8% (from 8.3%) for 2013. Moderate improvements ahead
– #China returns from Golden Week holiday and what happens to the spot #ironore price? Up by US$6.20 or 5.6% to US$110.40 a tonne
– Concludes BAML: #Chinese GDP growth likely bottomed in 3Q, but risks remain skewed to the downside. Fed's #QE3 will not create inflation
– RBS revises in-house view: RBA to cut cash rate 2x this year to 2.75% and AUD/USD to fall to 0.96 and stay there throughout 2013
You can add my regular Tweets on Twitter via @filapek
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