Daily FNArena News - Australia

The Parker Range project of Cazaly Resources appears to offer valuation upside according to DJ Carmichael.

Rio Tinto has delivered a solid production report for the December quarter, with better than expected output in iron ore and copper the highlights.

Stronger than expected Australian labour force data in December is seen as adding to pressure on the Reserve Bank of Australia to lift interest rates next month.

Energy Resources of Australia delivered a mixed December quarter production report with lower grades but higher realised prices and sales.

Education provider Navitas has made its first entry into the US market and while this move has little earnings impact brokers expect further such deals will follow.

Australian housing finance numbers for November were weaker than market expectations, with the first home buyer segment particularly soft.

The US has reduced its swine flu dose contract with CSL but brokers estimate the earnings impact of the change will be minimal.

Commonwealth Bank expects the Australian economy will deliver near-trend growth in 2010, better than the sub-trend performance expected for the global economy as a whole.

Morgan Stanley believes Billabong will benefit from a lower cost of goods sold in 2011, a fact currently underestimated by market consensus.

A year that started with talk of another great depression has ended with hopes for a sustained recovery, but has anything been learned?