FYI | Sep 06 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:
– Macquarie projects total return for S&P/ASX 200 +12.6% for the coming 12 months; +7.9% capital return plus +4.7% dividend yield #investing
– Says Macquarie: no #nickel shortage in sight, unless an unlikely Indonesian nickel ore export ban does take place at the end of the year
– Notes IG Markets: since the low in 2009, non-farm payrolls have never beaten the ADP non-farm figures. Now it may finally do that tonight?
– More scepticism about Oz election stimulus: CIMB says "don’t think the election result by itself will move economic growth up a notch"
– Morgan Stanley says Oz #healthcare sector offers attractive defensive fundamentals but not generally defensive valuations. ResMed top pick
– Macquarie shifts portfolio towards #mining and growth, away from #defensives and #yield stocks #investing
– Macquarie remains unconvinced: H213 demand outlook better than expected, but #commodities price stability rather than price upside likely
– Citi's bravest anti-consensus call thus far: met #coal demand in #China to peak by 2020 due to shifting global energy dynamics #Commodities
– Mmmm. Equities on a tear overnight but not commodities. #Copper down 1.7%. Oil down. #Gold at near two week low. #ironore down US70c to $138
– ANZ Bank's global lead indicators lifted strongly again in August with growth leadership passing to the developed economies
– UBS suggests RBA’s statement supports view there’s a better than even chance the central bank has made its last cut this cycle
– GS cuts price target Cochlear (#COH) to $57.50% (-7%) while noting there is risk for multiple contraction if growth remains soft
– Macquarie believes bounce in #copper price is not signal of market tightness due to Chinese demand, but caused by short covering. Sell?!
– Not what it used to be. DB analysts observe gold and oil price spikes during times of geopolitical risk more subdued these days #commodities
– Stockbrokers seem to like DUET's deal with Chevron, but none as much as Morgan Stanley: upgrade to Overweight, target up to $2.30 from $2.25
– CS confirms my own market research: Australian equities appear expensive, whilst US equities look fair value on a PE basis #investing
– UBS moves European #Equities to Overweight, US to Neutral, keeps EM at Underweight. Fed tapering, higher oil to expose EM risks #investing
– Concludes Macquarie: From a fundamental perspective, we find little justification why #copper should not trend lower in the coming months
– ANZ believes latest PMI further evidence #China economy has stabilised and even accelerating. GDP growth forecast 7.5% in 2013 #Commodities
You can add my regular Tweets on Twitter via @filapek
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