{"id":60753,"date":"2012-10-19T10:42:02","date_gmt":"2012-10-18T23:42:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/10\/19\/your-editor-on-twitter-114\/"},"modified":"2012-10-19T10:42:02","modified_gmt":"2012-10-18T23:42:02","slug":"your-editor-on-twitter-114","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/10\/19\/your-editor-on-twitter-114\/","title":{"rendered":"Your Editor On Twitter"},"content":{"rendered":"

\n\tBy Rudi Filapek-Vandyck<\/span>, Editor FNArena<\/span><\/p>\n

\n\tI 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<\/span>, 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<\/span> financial markets myself.<\/p>\n

\n\tWhile 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<\/span>.<\/p>\n

\n\tFor those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:<\/p>\n

\n\t– Oz Share market: it's a war between positive sentiment and the lack of earnings growth. What now? http:\/\/<\/span>goo.gl\/i0Sy5<\/span><\/span><\/a><\/p>\n

\t– Watch shares in Graincorp<\/span> (GNC<\/span>). 44 million shares crossed at $11.75 this morning. A HUGE premium to last price of $8.85. Big buyer! #<\/s>ausbiz<\/span><\/b><\/a><\/p>\n

\t– Against the euphoria: BA-ML cuts #<\/s>China<\/b><\/a> forecasts. Sees slightly rebound 4Q12<\/span> but dip again 1H13<\/span>. Est<\/span> GDP growth now 7.7% in 12, 7.6% in 13<\/p>\n

\t– GS<\/span> sees point of reversal (not for the better) after AGM<\/span> comments; downgrades #<\/s>Imdex<\/span><\/b><\/a> (IMD<\/span>) to Sell with market downgrades to forecasts next<\/p>\n

\t– Friday morning in Sydney: LME<\/span> metals (mostly) up, crude oil weaker, US equities down and spot #<\/s>ironore<\/span><\/b><\/a> up by US10c<\/span> to US$115.50\/tonne<\/span><\/p>\n

\t– Very buoyant Oz share market Thursday morning. Suspect investors are of view today's data from #<\/s>China<\/b><\/a> will represent a positive either way<\/p>\n

\t– Unperturbed: MS' Gerard Minack<\/span> has been too cautious this year, but expects material downgrades to 2013 EPS estimates in Europe and the US<\/p>\n

\t– Anyone still paying attention? Spot #<\/s>ironore<\/span><\/b><\/a> price up by US$2.80 or 2.4% to US$115.4\/tonne<\/span>. LME<\/span> metals up, USD weaker, crude oil divided<\/p>\n

\t– UBS turns super-bullish post US field trip: target for #<\/s>CSL<\/span><\/b><\/a> raised to $52 (from $46.60), estimates up for FY14<\/span>, upgrade to Buy<\/p>\n

\t– #<\/s>China<\/b><\/a> U-turn instead of V-recovery: BAML<\/span> projects 7.4% and 7.5% yoy<\/span> growth in 3Q<\/span> and 4Q<\/span>. Annual growth of 7.6% for both 2012 and 2013<\/p>\n

\t– One observation from all iron ore market updates: prices will settle below previously predicted levels in years ahead, but above spot today<\/p>\n

\t– Spot #<\/s>Ironore<\/span><\/b><\/a> – there's a picture emerging here – #<\/s>China<\/b><\/a> Import Fines 62% FE down US$0.40 to US$112.60\/dry tonne<\/span><\/p>\n

\t– Morgan Stanley: Positive on Stockland (SGP<\/span>) and Mirvac<\/span> (MGR<\/span>), but investors shouldn't get carried away with "Housing Hype" (their words)<\/p>\n

\t– CS analysis suggests #<\/s>commodity<\/b><\/a> prices have run ahead of fundamentals. Q4<\/span> likely to see consolidation with elevated risks for sell down<\/p>\n

\t– Noted: Analysts at CS believe Westpac (WBC) will report the outstanding result in upcoming FY12<\/span> sector reports. WBC is CS's<\/span> sector favourite<\/span><\/p>\n

\t– Noted: Macquarie economists increasingly concerned about 2013 prospects US #<\/s>economy<\/b><\/a>. In Oz, investors seen as too bullish on #<\/s>RBA<\/b><\/a> rate cuts<\/p>\n

\t– BAML #<\/s>China<\/b><\/a> watchers see growing problems with non-performing loans and state another round of bank recapitalisation is possible in China<\/p>\n

\t– BAML cautiously optimistic that the worst of the Oz housing cycle is behind us, but remains cautious about the speed of the recovery<\/p>\n

\t– GS removes BHP from Conviction List, but still rated Buy. Rio Tinto downgraded to Hold. Following update commodity prices<\/p>\n

\t– GS sees price recovery #<\/s>ironore<\/b><\/a> leading into 2013, but downward trend to resume afterwards. Miners' super profits to deflate post 2014<\/p>\n

\t– RBS admits: sector sentiment is low, but #<\/s>Monadelphous<\/b><\/a> (MND) will grow profits strongly in years to come. Reiterates Buy with $27.84 target<\/p>\n

\t– Citi economists remain of the view Greece will ultimately have to leave the eurozone. 'Grexit' now anticipated in H1 2014<\/p>\n

\t– Going nowhere in a hurry: spot #<\/s>ironore<\/b><\/a> price fell by US$1.50 on Monday to US$113.00\/tonne. Mimicking LME metals on the day?<\/p>\n

\t– Not everyone's convinced about the bullish outlook for US equities. Here's one technical warning on "topping" equities http:\/\/<\/span>tinyurl.com\/8zlcgax<\/span><\/a><\/p>\n

\t– BAML bull stays contrarian: market too expectant of #<\/s>China<\/b><\/a> stimulus post leadership change; focus to remain on structural reform like 1992<\/p>\n

\t– Somebody has to do it: BAML strategists warn investors and politicians in US appear too complacent about fiscal cliff and implications<\/p>\n

\t– UBS cuts #<\/s>ironore<\/b><\/a> price forecasts to US$122\/tonne for 2012 (-7%), US$119\/t for 2013 (-2%) and ultimately to US$83\/t for 2016<\/p>\n

\t– Good to keep in mind: From a medium-term perspective, Chinese growth is shifting to a lower gear, says GS, focus on domestic consumption<\/p>\n

\t– #<\/s>China<\/b><\/a> spot #<\/s>ironore<\/b><\/a> price fell by US$1.30 on Friday to US$114.50 a tonne. Over the week the price rose US$10.30, but is rally faltering?<\/p>\n

\t– #<\/s>China<\/b><\/a> facing oversupply of #<\/s>coal<\/b><\/a>, production at high growth rate even though growth in consumption has declined and inventories are high<\/p>\n

\t– Observed: The S&P500 Index fell 2.21% last week, posting the worst week since early June. In #<\/s>Australia<\/b><\/a>, indices are virtually flat<\/p>\n

\t– John Mauldin: foundation of decade-long commodity bubble is crumbling, disillusionment will replace investor enthusiasm … lower prices<\/p>\n

\t– Byron Wien in Barron's: buy agri-commodities, prepare for weaker oil, put 5% in #<\/s>gold<\/b><\/a> and continue seeking yield, plus growth and innovation<\/p>\n

\n\t
\n\tYou can add my regular Tweets on Twitter via @filapek<\/span><\/p>\n

\n\tFind out why FNArena<\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

This week’s Tweets on Twitter by Your Editor.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[48],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60753"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=60753"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60753\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}