Daily FNArena News - Australia

Economists agree that while the strong CPI will not prevent further rate cuts, it may reduce the speed of easing from the RBA.

Oz Minerals booked a solid September quarter, but there’s just too much risk thanks to lower metal prices.

The doom and gloom forecasts has been coming hot and heavy of late, but CommSec thinks the australian job market looks stronger than some are suggesting.

A much higher than expected read on Q3 PPI pointing to a possible big jump in CPI may still have little impact on RBA policy.

Australia’s economic fundamentals remain significantly better than other industrialised nations and the stock market is well placed for a rebound.

The Australian Government’s stimulus package will help but CommSec suggests more needs to be done to combat falling household wealth levels.

“Yet another increase to the First Home Buyers’ Grant???” asks an incredulous Dr Steve Keen.

“A larger stimulus than any in recent history,” says Westpac.

The Westpac-Melbourne Institute Leading Indicators Index suggests economic activity levels in Australia will remain weak but the Government’s stimulus package should see recession avoided.

National Australia Bank’s September survey of business conditions and confidence levels returned mixed results and the bank has lowered its growth forecasts as a result.