FYI | Jan 24 2014
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:
– BA-ML's Top Stock Picks for 2014: Crown, Origin Energy, QBE Insurance, Oil Search and Incitec Pivot #investing
– Citi strategists observe: Recovery in advanced economies still not generating much revival in EM export growth, this trend may well continue
– The Hidden Agenda Behind Quantitative Easing http://dlvr.it/4mPF3b
– Overnight: Weak #China HSBC Flash PMI keeps downward pressure on #metals. #Gold up. #oil mixed. #ironore up by US40c to US$123.90/t
– UBS: On balance, the most plausible central case is the Australian market P/E ratio tracks sideways to a touch higher over the coming year
– Credit Suisse analysis suggests #dividend yield will remain more attractive and for longer than history suggests, continued focus advised
– BAML reports forward looking indicators pointing towards bounce in #China growth to 7.8-7.9% in Q1 and Q2 2014, from 7.7% in Q4 2013
– Better things to do? Morgan Stanley scraps active coverage of #HLO Jetset Tavelworld, #GRY Gryphon and #EQN Equatorial Resources #investing
– Observation: stockbrokers positive on recently re-listed Nine Entertainment (#NEC): TV is not dead and mngt seems doing all right things
– Overnight: #commodities mixed. #Gold down, crude #oil slightly up and… stop the press! #China #ironore rose by US30c to US$123.50 a tonne
– Morgan Stanley's update on #commodities prices hits #gold miners the hardest. Sees opportunity in #nickel (prefers Western Mining #WSA)
– Citi analysts suggest outlook for #China growth this year is "flat" with bias to the downside #commodities #investing
– Citi sees potential for another solid year for Oz #equities. Prefers #resources stocks and cyclical industrials. Year-end target 5850
– Observed: growing number of analysts is turning cautiously optimistic on #uranium and uranium producers in 2014 #commodities
– Overnight: Most #equities and #commodities higher. Not #Gold. Not #ironore. #China spot price down by US$1.60 to US$123.20 a tonne
– Goldman Sachs has updated #commodities prices projections. Most liked are #nickel,#zinc, #palladium. Least liked are #copper and #ironore
– With new year approaching in China PBOC again acted to prevent a liquidity squeeze providing ample funds via SLFacility it set up year ago.
– Standard Life remains optimistic about prospects for #equities and #property markets as companies should put cash to use in 2014 #investing
– ANZ Bank: expect muted demand for #ironore and high stocks to continue to weigh on prices until end of Chinese break, idem coking #coal
– Macquarie downgrades Woodside (#WPL) to Underperform as 2014 shaping up as the peak year for production and earnings #investing
– Macquarie lowers #gold price forecast by 6% for 2014 to US$1,215/oz and #silver forecast down by 5% to US$19/oz #preciousmetals
– ANZ Bank: #China’s growth to moderate to 7.2% in 2014 on the premise growth target lowered to 7% in final two years of 12th five year plan
– Danske Bank: #China entered new phase growth deceleration driven by de-facto monetary tightening PBoC since mid-2013, control local gvt debt
– Overnight: European #equities lower. USD weaker. Crude #oil weaker. Base #metals weaker. #China #ironore down US$2.50 to US$124.80 a tonne
– Uh-Oh. SNL Metals & Mining expects reported significant drill results to decline in 2014, particularly in Canada and Australia #metals
– Equally interesting: Goldman Sachs grows more confident margin environment for Oz banks. Upgrades #WBC to Hold. Ranking: NAB, WBC, ANZ, CBA
– Interesting (to say the least): Goldman Sachs maintains investors underestimating 2nd tier of #ironore supply. Retains forecast US$80/t 2015
– Deutsche Bank suggests oil stocks set to outperform in 2014, NOT on oil price, on investors' willingness to price in de-risking LNG projects
– Trading tip from Morgan Stanley: Origin Energy (#ORG) shares expected to rise over next 45 days on short term valuation lift #investing
You can add my regular Tweets on Twitter via @filapek
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