FYI | Mar 28 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:
– Deutsche Bank says investors Oz equities should buy cyclical industrials as RBA rate cuts will have positive impact, growth to come in FY14
– Noteworthy: Genworth thinks Australians are less enthusiastic about buying a house because of increasing mortgage stress #Australia
– BA-ML advises investors should buy inexpensive resource stocks and quality stocks with less earnings risks, e.i. NWS and BXB
– Standard Bank says #gold to remain inside trading range US$1,555 and US$1,615/oz but #silver poised to test support above US$26/oz
– Meanwhile… Russian Federation raised #gold reserve for fourth straight month in February, Turkey added to its holdings for a third month
– Warning for all you Sydney Airport (#SYD) lovers out there: JP Morgan analysts believe there is no room for error in management's strategy
– Citi does believe bank solution in #Cyprus is now blueprint for similar problems elsewhere. Disagrees with statements that Cyprus is unique
– Like: Alright, people just need to chill. #Cyprus is a tiny country. To put things in perspective, its GDP is roughly the size of.. Lehman
– Westpac: Without both a considered and considerable response, it is possible the US sovereign loses the confidence of markets at some point
– Uh-Oh: Deutsche Bank now of the view Fed will slow QE in Q3 and then stop before year-end. #Equities to continue outperformance
– "Thinking is the hardest work there is, which is probably why so few engage in it." -Henry Ford
– BA-ML: Chinese property tax forthcoming. National roll-out from 2016 feasible. Long term negative. Expect tests across various cities prior
– Macquarie: Q2 #copper inventories likely to fall due to seasonality, but without #China demand picking up market surplus to rise in 2013
– CIMB believes margin risks FY13-15 are to the downside for Big Four #Banks in Oz; downgrades sector to Underweight #equities
– UBS anticipates recovery #nickel demand in 2013 and 2014; favourite exposure is Western Areas (#WSA)
– Dennis Gartman warns chart for S&P500 futures is looking ominous. Plus bearish picture in crude oil futures; gap Brent-WTI to narrow
– Says Citi: Excess supply, weak demand are taking their toll on #commodity markets. Super-cycle is over. #Oil underperforms in 2013. Ouch?!
– Citi raised Oz GDP outlook to 2.7% this year and 3%+ next year; risks biased to downside mainly due to global events. One more RBA rate cut
– Spot Iron Ore – China Import (Fines 62% FE) up $1.10 to US$135.50/dry tonne. ^JR
– There's always someone… this analyst predicted #Cyprus problems well before anyone was paying attention: http://goo.gl/cGlZ9
You can add my regular Tweets on Twitter via @filapek
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