FYI | Sep 13 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:
– UBS seems to be preparing clientele for a correction in spot #ironore and exposed #miners. Does maintain positive bias overall #commodities
– Says Macquarie: current rally another case of freight market getting a few years ahead of itself & yet more pressure on US coal suppliers
– Citi notes trend of decreasing male labour market participation in Australia continues, now at nine-year low of 71.4%. Female steady 58.8%
– Paul Keating's everywhere… The pullback we have to have? #Equity analysts mulling next catalyst for Oz share market… softness will do…
– History Suggests: the dreaded September weakness for #equities tends to kick in around mid-month, which is, erm (wait for it)… around now
– Goldman Sachs: #equities to provide more moderate returns but with reduced volatility as earnings growth about to replace multiple expansion
– UBS's dilemma: if #ironore prices are now ready to decline (12 mths view) can share prices of #miners still perform? Sector rating Neutral
– Deutsche Bank says #Resources still look cheap while #Banks are expensive. More upside to come from cyclical industrials with domestic focus
– Says BTIG: do not fear reduced asset purchases. US$85 billion in asset purchases is not the *perfect* amount of accommodation #investing
– Citi's preferred small cap industrials: AMM, FGE, GEM, NXT and SAI. Least preferred: GUD & WTF #investing
– Citi estimates top 10 global #gold companies have written off more than 50% of their market cap since 2000. Retains negative view on sector
– ANZ Bank: China’s Q3 growth likely above 7.5%. Maintain forecast #China ’s economy will grow 7.6% this year, with risk biased to the upside
– BA-ML prefers Australian stocks supported by structural growth thematic; Ramsay (RHC), 21st Century Fox (FOX), Carsales (CRZ), Crown (CWN)
– Morgan Stanley's Top Pick Miners in Oz: Fortescue (FMG), BHP Billiton (BHP), PanAust (PNA), Western Areas (WSA) and Medusa Mining (MML)
– Citi sees more short term upside potential for #MINERS but valuations looking more fully priced and rally will likely fade into year end
– CBA remains of view that USD/AUD is en route to 94c. Above consensus jobs figure on Thursday might serve as catalyst #Australia
– GS removes pure-play #metals exposure from portfolio; metals moving into oversupply & less support commodity prices due better productivity
– Goldman Sachs favours #equities that benefit from global growth, lower A$, reduces exposure domestic economy as profits likely to disappoint
– Macquarie likes European #equities. Market not pricing in any recovery in earnings while profits expected to remain robust, and grow
– Citi bearish on #China #steel producers as capacity about to outstrip demand, prices likely to retreat later this year. Impact #ironore?
– Australia catching up with established trends in Europe. Elections have brought more non-traditional politicians in parliament. Vox populi!
You can add my regular Tweets on Twitter via @filapek
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