Daily FNArena News - Australia

It was not a good day for Fortescue to downgrade production but the rest of the update was actually good news.

The Australian stock market is in correction mode but the falling AUD is providing a substantial boost to net corporate earnings forecasts.

A wrap of the day’s activity on the Australian stock market.

The Fed has put the tapering debate to bed but there’s still Japan, Europe and China to consider as we move into the second half of 2013.

Two brokers think Australian listed diabetes and weight loss company GI Dynamics is close to taking off.

Woodside’s investment in the Leviathan LNG project offshore Israel hangs in the balance as deadlines approach. Committed funds may yet be given back to shareholders, once again at the expense of growth options.

A wrap of the day’s activity on the Australian stock market.

Now that the Aussie has fallen 10% while commodity prices have remained relatively stable, analysts assess the benefit to Australian energy sector stock valuations.

A wrap of the day’s activity on the Australian stock market.

Brokers argue the market has unnecessarily de-rated Lend Lease, the past month and following yesterday’s company update.