Daily FNArena News - Australia

While recent gains suggest a short-term consolidation is possible, stockbroker Moelis continues to see medium-term upside in The Reject Shop.

Equity strategists have been warning recently that the Australian consumer is not going to bounce back as assumed. But not all strategists agree with this dour prediction.

Market strategists at Macquarie and UBS suggest investors should continue seeking risk assets, but RBS strategists are less comfortable.

While Carsales.com trades on an earnings multiple of better than 20 times DJ Carmichael suggests the stock is still a Buy.

With inflation the RBA’s major concern, evidence is mounting an oversupply of electronic goods could lead to significant price cuts without a pick up in sales for Australia’s listed retailers.

As Discovery Metals continues to develop its Boseto copper project in Africa the company is gaining more market attention.

Another big read on jobs growth puts an RBA rate hike right back on the agenda.

The RBA held steady today but dropped a big hint about November being a given for a hike.

The RBA this afternoon surprised economists by leaving its cash rate unchanged at 4.50% for another month.

TD Securities sees no inflation problems in Australia and believes the RBA should “go on holiday” post its possible hike tomorrow.