Daily FNArena News - Australia

Weaker retail sales and housing finance numbers for July show the Australian economy is not yet fully in expansion mode.

The Westpac-Melbourne Institute Consumer Sentiment Index rose again in September, likely adding weight to the argument for the RBA to lift rates in October.

With debt issues addressed and an improving outlook, brokers are rediscovering interest in Elders.

Sigma Pharmaceuticals has acquired 15 brands plus a manufacturing facility from BMS and announced a rights issue.

The NAB Business Survey for August showed a further improvement in conditions and confidence.

Credit markets are improving but recent results from listed REITs were mixed enough that brokers continue to have differing views on where the best exposures to the sector can be found.

The latest insitghts into job ads in Australia suggests the negative trend is turning towards a more positive outlook.

Brokers are struggling to see how Corporate Express can generate outperformance.

RBS Australia has initiated coverage on iiNet with a Buy as it sees several years of solid earnings growth ahead for the company.

While not out of the woods yet, a clear case is building for a recovery in Australian Commercial property.