{"id":62074,"date":"2013-06-28T11:00:02","date_gmt":"2013-06-28T01:00:02","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2013\/06\/28\/your-editor-on-twitter-143\/"},"modified":"2013-06-28T11:00:02","modified_gmt":"2013-06-28T01:00:02","slug":"your-editor-on-twitter-143","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2013\/06\/28\/your-editor-on-twitter-143\/","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– Not something #gold bugs want to read but Citi research has revealed that 90% of all gold miners across the globe are currently losing cash<\/p>\n

\n\t– BA-ML: Great Rotation theme continues to argue normalization of growth, rates and policy will ultimately prove to be positive for #equities<\/p>\n

\n\t– Citi predicts #copper to trough at lower price level in Q3, meaning copper producer equities have not yet seen their lows #commodities<\/p>\n

\n\t– Bill Gros: The Tipping Point http:\/\/www.pimco.com\/EN\/Insights\/Pages\/The-Tipping-Point.aspx#.UcvWlwc6JoU.twitter …<\/a><\/p>\n

\n\t– #BHP shares destined for $25? I prefer the 4% dividend support approach http:\/\/bit.ly\/1co4HXG<\/a><\/p>\n

\n\t– CIMB forecasts #gold to average US$1,280\/oz in 2H13, before moving to a range of US$1,150-1,200\/oz over the following two years<\/p>\n

\n\t– Citi estimated most of global #gold cost curve is burning cash at spot levels. Further cuts needed in the coming 12 mts to make ends meet<\/p>\n

\n\t– #China's $SSEC has fallen for 6-consecutive sessions and declined 15 of the last 17. RSI at levels not seen since 2001 #oversold #ausbiz<\/p>\n

\n\t– I hear of people paying $60-100 (and more) to go to the theatre. All others can simply watch Canberra. Live theatre daily, cannot get better<\/p>\n

\n\t– JP Morgan economists put it succinctly: Is 2% GDP growth really too much to ask for? (It appears the answer is 'yes' in the case of US)<\/p>\n

\n\t– Credit Suisse: sluggish dynamics #commodities in H2; #ironore, #copper under pressure, #nickel, thermal coal, aluminum to stabilise 2\/2<\/p>\n

\n\t– Credit Suisse calls it the Return of Fundamentals for #commodities with diverging supply dynamics responsible for price outlooks 1\/2<\/p>\n

\n\t– Observe how spot #ironore is unable to show sustained oomph post #China holidays. Last night price fell by US20c to US$113.80\/tonne<\/p>\n

\n\t– BA-ML strategists report their system has triggered Buy signal for #equities. 43 out of 45 markets “oversold". Last Buy signal in Dec 2012<\/p>\n

\n\t– Most of this week's losses being made up at lunch. All Ords +1.76%. The local market is now down just 0.18% this week. ^SD<\/p>\n

\n\t– Market observation: CS reduces commodity prices forecasts which leads to cuts in profit estimates. But DPS estimates for RIO, BHP unchanged<\/p>\n

\n\t– Ouch! Slower growth in #China is coming at precisely the wrong time for many emerging economies and nearly all commodity producers, says UBS<\/p>\n

\n\t– Macquarie summarises #equities investors' dilemma: balancing betwn near term earnings growth risks and FY14 earnings support frm weaker AUD<\/p>\n

\n\t– Citi reports global earnings forecasts have turned negative. Only 2 sectors positive: tech and health care. Rising bond yields to blame<\/p>\n

\n\t– I'd almost forgotten about it, but this week's #equities rout has brought out the margin calls again (of course!) http:\/\/goo.gl\/Q909Q<\/a><\/p>\n

\n\t– ANZ Bank: expect the official #China PMI to decline sharply to 49.9 in June, as market sentiment deteriorated sharply in the month #metals<\/p>\n

\n\t– ANZ Bank: estimate the current liquidity squeeze in #China’s money market will last past mid-July, assuming PBoC refuses to budge<\/p>\n

\n\t– Too Many Bearish Flags To Ignore http:\/\/seekingalpha.com\/a\/wk4g<\/a> $FXI $SPY<\/p>\n

\n\t– CBA: acknowledge emerging downside risks to above-consensus forecasts #China GDP growth 8.1%-8.2% 2013-14 if liquidity squeeze continues<\/p>\n

\n\t– Interesting. Charlie Aitken says #BHP is $25 stock. 4% dividend yield support is around current levels. Investors to price in worst case?<\/p>\n

\n\t– CIMB: Indian #ironore now only 2% of supply into #China. Peaked at 20% in 2010. Replaced by Iran, Ukraine, Mexico, Sierra Leone #commodities<\/p>\n

\n\t– Citi: 2020 copper consumption #China could be up to 20-35% lower than consensus expectations while steel has up to 30-55% potential downside<\/p>\n

\n\t– Citi does not see crash Oz house prices on horizon. House price inflation to peak at 3% by March 2014, prices could fall slightly thereafter<\/p>\n

\n\t– UBS believes foundations are likely being laid in Oz for better CY14 rather than slide into outright contraction. Even resources good value<\/p>\n

\n\t– DBS too believes Fed too optimistic on US econ progress. Thinks unemployment will improve more slowly than the Fed does. So what to do?<\/p>\n

\n\t– Nothing to fear but fear itself? Global rout continues with more falls for #equities. Oil up, metals down. #ironore down US$2 to US$116.60\/t<\/p>\n

\n\t– Sad but true. It wasn't that long ago, Matrix's (#MCE) share price surged to $9. It is below 80c and estimates falling post profit warning<\/p>\n

\n\t– Macquarie: Bernanke's timetable is too ambitious. QE will continue for longer than he expects, giving some support to bullion prices #gold<\/p>\n

\n\t– The new trend in global asset strategies: turning positive on prospects for UK #equities<\/p>\n

\n\t– Citi global strategists continue to see firm gains for global equities ahead. Neutral fixed income and underweight commodities short term<\/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\/62074"}],"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=62074"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62074\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}