Daily FNArena News - Australia

Higher petrol prices are likely to reignite inflation in Australia, the latest gauge by TD Securities and Melbourne Institute indicates. The survey also indicates inflation remains broader based than just petrol.

The market may be pricing in a 50% or better chance of a rate hike next week but while Stephen Koukoulas of TD Securities agrees, not everyone else does.

Allco Equity Partners CEO Peter Yates last week provided his view on the current private equity boom in Australia.

Brokers agree that a disappointing second quarter result will do little to excite potential suitors for the Ten Network.

Austock’s annual Agribusiness Conference has been completed and the broker has come away with a more optimistic outlook for the growth prospects of companies in the sector.

Shares of high tech company Arasor are in high demand as the company seeks to raise $30m to fill some large orders.

A more hawkish than expected speech and continued strong economic data suggests the Reserve Bank of Australia will lift rates by a further 0.25% as early as April.

Increasing interest rate expectations in Australia are being backed up with yet another positive indicator.

There is too much inventory in the US housing market, Macquarie analysts suggest. James Hardie is heavily exposed.

Intersuisse has reiterated its Buy rating on M2 Telecommunications as the company continues to grow earnings.