Daily FNArena News - Australia

Westpac’s bad debt concerns sparked a big profit-taking session on Friday in the market, providing debate about whether recent confidence has been overplayed.

Market expectations had been for Mortgage Choice to deliver lower earnings in FY10 but guidance from management indicates some growth.

Analysts no longer see why Downer should attract a PE discount.

Forget diplomatic argy-bargy – just how worried should we be about these Chinese stock market drops?

A potential recovery in mineral sands demand remains the key for Iluka.

Some stockbrokers see CSL’s earnings guidance for FY10 as conservative, others argue the stock is not good value.

IT services group Oakton did it tough in FY09 but with demand improving and with the company restructured the outlook appears brighter.

The Westpac-Melbourne Institute Leading Index for Australia has continued its upward path in June.

Advertising play Photon Group announced an equity raising to address debt concerns but the move leaves broker opinion mixed.

The minutes of the August RBA monetary policy meeting were released this morning. The next rate movement will be up.