Daily FNArena News - Australia

The RBA today decided to cut its cash rate by 25 basis points to 3.25%.

Australians are worried about the impact the current economic slowdown will have on their biggest investment, but ANZ sees a brighter future for Australian housing and property prices.

Woolies’ sale of Dick Smith is a relief for Woolies but how does it leave competitors like JB Hi-Fi and Harvey Norman?

Gold has received a boost from QE3, and South African strikes are impeding production. But Australian gold stocks have also had a run so value is important.

Ahead of the Herd’s Rick Mills suggests rising poverty in the US highlights the need for fiscal policy to be re-visited.

Silex Systems is developing laser-based uranium enrichment technology and the company has received good news with a licence for a proposed plant being recommended by US regulators.

Analysis by Moelis suggests the current share price premium to peers enjoyed by WorleyParsons is difficult to justify, the broker reiterating its Sell rating on the stock.

Morgan Stanley has initiated coverage on Paladin with an Overweight rating, seeing positives in improving production and gearing and the uranium price outlook.

Another fall in Commonwealth Bank’s Business Sales Indicator shows already cautious Australian consumers are continuing to turn more cautious.

Fortescue’s refinance is very positive, analysts suggest, and allows plenty of breathing space without completely removing iron ore price risk.