Daily FNArena News - Australia

Price inflation remains on an uptrend suggesting more RBA rate hikes should be expected, even though it may not occur this week.

Capex fell in the September quarter but spending plans remain intact for the future.

An investor briefing next month is likely to see earnings guidance for Asciano lowered to reflect lower rail earnings but broker remain positive on the stock on valuation grounds.

Recruitment company Candle has cautioned on earnings for the half year following problems in its Lloyd Morgan division but brokers still expect solid earnings growth over the medium-term.

CBH Resources is expected to lift production nearly fourfold in coming years and as a result Shaw Stockbroking sees value in the stock at current levels.

Saturday’s election result was not much of a surprise, but what effect will a Labor government have on financial markets?

According to a business publication in China one of the government funds is poised to launch a USD200bn bid for Rio Tinto.

Commonwealth Bank gave a presentation on its retail division yesterday and with only minor changes to forecasts brokers saw nothing to change their respective views.

As the credit crunch reaccelerates, National Bank may find its capital position eroded.

Biotech Chemgenex would have been pleased to learn a US competitor has been forced to suspend a drug trial.