Daily FNArena News - Australia

Yesterday’s increase in official interest rates will hurt those with mortgages, but those complaining of doing it tough in meeting repayments need to examine their own role in the issue.

According to TD Securities today’s housing finance data for June supports the RBA’s decision to lift rates as it implies ongoing inflationary pressures in the economy.

The RBA this morning raised official interest rates from 6.25% to 6.50%.

An tour of the company’s WA operations has brokers confident on the Metcash outlook, with earnings risk firmly to the upside and growth options available to management.

ANZ job ads data point to a continuing fall in the unemployment rate, which is not good news for interest rates.

Commonwealth Bank economists agree with TD Waterhouse’s Koukoulas the RBA is likely to add 25 basis points to the official cash rate next week.

Was Downer EDI management conservative with the truth, deluded or incompetent? Legacy contract write-downs slash earnings as the CEO throws himself on his sword.

Data#3 has lifted earnings guidance and extended its buyback so Intersuisse has retained its Buy rating on the stock.

TD Waterhouse’s Stephen Koukoulas believes investors better not bet on an anxious RBA leaving interest rates unchanged at the August meeting.

Alumina may have delivered a result in line with guidance but it was guidance management had previously revised lower as costs continue to impact on earnings.