http:\/\/goo.gl\/0NhcQ<\/a> #TradeInvestSyd<\/p>\n– Standard Bank: recent trends indicate that physical #gold demand from China eases above US$1,300\/oz, puts with strike at US$1250 popular<\/p>\n
– One of best performing stocks on ASX, McMillan Shakespeare (#MMS), has been struck by regulatory risk. Now uncertainty will rule its outlook<\/p>\n
– CBA thinks current steel production in #China unsustainable, but if current growth rate continues, #ironore prices forecasts need increased<\/p>\n
– Overnight: quiet volumes with equities lower, oil stable and most commodities higher as USD fell. #China spot #ironore up 1.7% to USD129.0\/t<\/p>\n
– With both spot #ironore, AUDUSD moving counter-expectations, BA-ML has put through significant FY14 EPS upgrades for junior iron ore #miners<\/p>\n
– UBS expects subdued commodity prices in 2013-15 (after cutting forecasts) as macro backdrop has further deteriorated. #BHP preferred<\/p>\n
– Macquarie: downgraded entire growth profile for #China. Hence downgraded 2013 GDP growth forecasts for ASEAN region. AUDUSD cut to 86c FY14<\/p>\n
– Citi rates most OZ #HealthCare stocks Sell as PE multiples are too high and upside growth surprises (probably) absent. ResMed preferred<\/p>\n
– Citi (also) (again) lowers #commodity prices forecasts. Advises "curb your enthusiasm", it’s probably still not time for bottom-fishing<\/p>\n
– CBA latest to (again) cut #commodity prices forecasts on the back of stronger USD projections for years ahead. AUD weakness providing relief<\/p>\n
– #China #ironore remains in its own space. Base #metals all down overnight, but Fines 62% up 0.10c to US$126.90\/t. Oil up, gold stable<\/p>\n
– NAB sticks with 7.5% GDP growth forecast for #China this year. Monetary policy likely to remain tighter for longer, with downside risk<\/p>\n
– ANZ Bank believes #China supportive policy action is forthcoming and will support GDP growth 7.6% for the full year<\/p>\n
– Danske Bank lowers 2013 #China GDP forecast to 7.4% (below official target of 7.5%), maintains Beijing reluctant to add stimulus<\/p>\n
– BA-ML believes Oz discretionary retailers at risk of big profit drags due to AUDUSD hedging at parity and currency now at 90c #equities<\/p>\n
– Macquarie cuts #China base case GDP growth forecast to 7.3% (7.8%) 2013, to 6.9% (7.5%) 2014 as result of structural problems within economy<\/p>\n
– Next! Macquarie (again) cuts forecasts for #commodities for this year, next and longer term as global headwinds continue to build<\/p>\n
– Citi changes view: August RBA rate cut now seen as option of "least regret" as Oz economy needs more stimulus #Australia<\/p>\n
\nYou can add my regular Tweets on Twitter via @filapek<\/p>\n
Find out why FNArena 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\/62191"}],"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=62191"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/62191\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=62191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=62191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=62191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}