Daily FNArena News - Australia

Excusez le mot, but an order half the marketcap for one of Australia’s listed telecom companies deserves the term ‘mega’, doesn’t it?

Citigroup analysts attended the broker’s annual Australia-New Zealand conference in London. FNArena was happy to cherry pick from their reports.

Cyclone George has forced ERA to declare force majeure on sales contracts and a tight uranium market will become even tighter, placing further upward pressure on the spot price.

Australia’s GDP for the December quarter was almost double expectations, leading economists to suggest the RBA will continue with its hawkish stance on official interest rates.

Conquest Mining has released a significant increase for the estimated resource at its flagship Silver Hill project.

The Bureau of Meteorology has declared El Nino over once more, and ABARE is anticipating a return to healthy crops.

The RBA has retained a 6.25% cash rate as expected.

ABN Amro’s warrants team notes with earnings and price targets for Incitec Pivot moving higher thanks to strong fertiliser prices the stock should represent a trading opportunity.

JP Morgan sees scope for iron ore prices to surprise on the upside, which leaves Rio Tinto as the best exposure given its greater leverage to prices.

Mission Biofuels is the latest entry into the Chinese market, the microcap signing two deals that should accelerate its revenues.