{"id":61654,"date":"2013-04-12T11:03:51","date_gmt":"2013-04-12T01:03:51","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/04\/12\/your-editor-on-twitter-132\/"},"modified":"2013-04-12T11:03:51","modified_gmt":"2013-04-12T01:03:51","slug":"your-editor-on-twitter-132","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/04\/12\/your-editor-on-twitter-132\/","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– Recent study by Independent Project Analysis shows average big exploration and production project is 22% late and 25% over budget #resources<\/p>\n

\n\t– Rio Tinto down 1.2% $57.33 in early trade following a pit wall slide at one of its copper mines in Utah, tipped to have material impact ^JS<\/p>\n

\n\t– BA-ML: if Q1 US earnings season is strong then a “melt-up” in stocks and risk assets becomes a risk (Abeconomics providing further support)<\/p>\n

\n\t– If 2013 GDP comes in below Fed forecast of 2.55% it will be the 7th straight year of sub 2.5% GDP growth.<\/p>\n

\n\t– Supply is catching up with demand. That's all one needs to know to understand why the golden era for commodities is behind us<\/p>\n

\n\t– UBS predicts multi-years of USD strength. Historically this coincides with underperformance for Basic Materials, Utilities, and Real Estate<\/p>\n

\n\t– UBS forecasts #Brent to rebound to average $110\/bbl in 2Q and 3Q (WTI to average $91) before weakening again towards end of year #energy<\/p>\n

\n\t– Shanghai spot #ironore price +30c to $140.90 d\/mt, highest level seen since March 12, 2013 #ausbiz #miningboom<\/p>\n

\n\t– Remarkable: Q1 inventory build in #nickel this year only beaten by Q1 of 2009, the depth of post-Lehman global manufacturing contraction<\/p>\n

\n\t– Observes Citi: Oz unemployment now highest in 3.5 years. Full-time unemployment has jumped from 5.5% to 5.8%. Broad based, worse for males<\/p>\n

\n\t– UBS: it appears to us the ‘risk on \/ risk off’ trading environment will persist, supporting our cautious outlook for #equities<\/p>\n

\n\t– UBS: structural backdrop of moderate growth, low interest rates should continue to favour higher quality franchises with above market growth<\/p>\n

\n\t– Goldman Sachs lowers #gold price forecasts to US$1250\/oz average by 2015. Notes impact quite negative on Oz stocks, including #copper stocks<\/p>\n

\n\t– Macquarie Conviction Ideas: Sell #CAB, Buy #CSL, #BPT, #OSH, #BSL, #SPI, #CHC, #DLX, #AIR, #PNA, #NAB and #GPT. Added #DOW today (buy)<\/p>\n

\n\t– Macquarie research on mid-cycle earnings and valuations: stocks that appear overvalued include #IAG, #AGO, #OZL, #CTX, & #TTS<\/p>\n

\n\t– Making it 6 sessions without a decline, Shanghai spot #ironore price +$1.50, or +1.08%, to $140.60 d\/mt #miningboom #ausbiz #fmg #ago<\/p>\n

\n\t– GS's Coppo doesn't think the rally in resources will last. Not now. "Miners have been the worst performing sector YTD (and for a few years)"<\/p>\n

\n\t– We registered 12 recommendation changes today. 8 upgrades = all resources stocks. 4 downgrades = 2x Billabong and 2x Alumina Ltd – message?<\/p>\n

\n\t– BTIG observes: over the last month or so, vast majority of major eqiuity markets have turned lower except for #US and #Japan #equities<\/p>\n

\n\t– My personal take on #ironore equities: the difference between short term oversold and longer term price decline http:\/\/goo.gl\/UZnoj<\/a><\/p>\n

\n\t– Deutsche Bank says now's the time to be brave. Upgrades #WSA, #OZL, #NCM to a BUY and #FMG, #AGO, #ILU to a HOLD #commodities #equities<\/p>\n

\n\t– Deutsche Bank retains US$110\/bbl forecast for #crudeoil Brent in years ahead. Sees risks balanced, even with rising supply from US shale<\/p>\n

\n\t– CS bearish on #alumina price outlook as Indonesians unlikely to turn off tap on China bauxite imports Jan 2014. Downgrades #AWC to sell<\/p>\n

\n\t– Base #metals higher overnight. #Gold up by US$14.20 or 0.9% to US$1,586.70\/oz on Comex. Spot #ironore rose US$1.50 or 1.1% to US$139.10\/t<\/p>\n

\n\t– February national unemployment hit 10.9% – most Australians ever out of work says Roy Morgan poll http:\/\/bit.ly\/10HboRu<\/a><\/p>\n

\n\t– Macquarie: 2013 would appear to represent an inflection point with #commodities outlook for next 5 years perhaps more dictated by supply<\/p>\n

\n\t– Macquarie's upgrade of #BHP and #RIO, both to Outperform, is based on relative valuations and expected uptick #commodity prices in Q2<\/p>\n

\n\t– Haven't seen this in a while: Macquarie upgrades #BHP to Outperform from Neutral, price target at $39. #Commodities outlook unexciting<\/p>\n

\n\t– JP Morgan sees "significant value" in #BHP and #RIO. Sees "material re-rating" when sentiment turns.Prefers RIO. No cap mngmt at least 2 yrs<\/p>\n

\n\t– Citi: Proprietary Model points to sharp drop in #mining capex in 2014. Pricing outlook for mining equipment has deteriorated "notably"<\/p>\n

\n\t– Citi: Lack of response to accommodative RBA is new development against previous easing cycles. Market to partially price in policy stimulus<\/p>\n

\n\t– NAB: AUD\/USD close above 1.0520 will be bullish technical signal indicating risk of substantial move higher; to previous record at 1.108?<\/p>\n

\n\t– Chartist's view: inside day with slight bullish divergence + double bottom on Stochastics: one of strongest bullish signals #equities on Tue<\/p>\n

\n\t– Concludes NAB: Overall, prices for most #commodities will generally ease in the current demand environment as production begins to ramp up<\/p>\n

\n\t– Post #China CPI, ANZ says PBoC policy to remain cautious with ongoing focus on strong capital inflows and rising property prices<\/p>\n

\n\t– Second stockbroker in two days: Credit Suisse reports sell-down junior iron ore miners shows exaggeration to the downside #commodities<\/p>\n

\n\t– Newcrest (#NCM) is refinding support from stockbrokers post sell-off. Latest to upgrade rating to Outperform is JP Morgan, today<\/p>\n

\n\t– JP Morgan maintains global GDP growth to accelerate from Q4; sees higher prices for base and precious metals in years ahead #commodities<\/p>\n

\n\t– JP Morgan cut global demand expectations base metals, but maintains the trend in prices will be upward over the next two years #commodities<\/p>\n

\n\t– Standard Bank retains bearish view #silver with 2012-low of US$26.16\/lb likely to be tested in 2013. Weak underlying supply\/demand dynamics<\/p>\n

\n\t– "Global Warming"? Last month was the coldest March for the UK since 1962 and matches 1947 as the second coldest March of the last 100 years<\/p>\n

\n\t– Ahead of US Qly earnings season: acccording to Thompson Reuters, profits seen rising just 1.6% from a year ago, down from 4.3% in January<\/p>\n

\n\t– Big Call of the day: Citi calls it a "false dawn" and downgrades Macquarie (#MQG) to Sell while cutting estimates, target to $34 #equities<\/p>\n

\n\t– Danske Bank: Outlook for global economy is a continued soft path for the next couple of months. Recovery is intact but fragile and patchy<\/p>\n

\n\t– Disappointing development in Chinese leading indicators http:\/\/ow.ly\/1UFNy2<\/a><\/p>\n

\n\t– Scarsdale chartist: concerned short term outlook major equity indexes; internals continue deteriorate, charts showing more technical breaks<\/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\/61654"}],"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=61654"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/61654\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=61654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=61654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=61654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}