Daily FNArena News - Australia

ABN Amro Morgans suggests Blackmores has little to fear from anticipated increased competition.

The RBA will likely take solace in the fact the June quarter CPI met expectations.

Sino Gold delivered a solid quarterly production report and stockbrokers see a bright future for the company given a number of new projects are set to come on stream.

Mirvac has come clean and lowered earnings guidance for FY09 and this has prompted some upgrades in rating as brokers suggest the bad news is now in the share price.

As costs blow out in Brazil, analysts see the potential for an Alumina Ltd capital raising as the little antipodean gets pushed around by an incompetent Alcoa.

According to TD Securities economic indicators suggest the Australian economy is now close to a recession, meaning risk is to the downside for growth, the currency and interest rates.

Primary Health has sold its consumer assets for better than the market expected and with the pharmacy assets next cab off the rank brokers remain largely positive on the group’s outlook.

Current year guidance was lifted slightly but a significant increase to expected FY09 earnings has seen a number of upgraded Buy ratings for Nufarm.

The June quarter producer price index was not nearly as bad as was expected.

The initial response to the government’s carbon scheme green paper is a muted one.