Daily FNArena News - Australia

The RBA today decided to leave its cash rate at 7.25%.

Shares of AXA Asia-Pacific surged after the company’s interim results met analyst expectations.

Brokers agree with the Asciano board that the private equity bid is a joke. It likely won’t end here.

The July CBA/AiG Performance of Services Index showed a further decline as all sectors are finding the combination of higher interest rates and fuel prices difficult to overcome.

Employment has been a bright spot for the Australian economy in recent months but the slowdown in the broader economy means the ANZ Job Ads series is now trending down.

Suncorp-Metway has joined the party in terms of cutting earnings guidance and as a result brokers have mixed views about the stock at current levels.

The latest release of the joint TD Securities-Melbourne Institute gauge of inflation has revealed a difference in opinion.

The latest data have impending rate cut written all over them.

The company may no longer be a takeover target but a better than expected production report has led to some upgrades for Macarthur Coal, both ABN Amro and UBS seeing value at current levels.

Another month, another set of weak building approval figures, another opportunity for economists to argue, erroneously, that Australian house prices and rents should rise.