Daily FNArena News - Australia

There is disagreement about what the drought will do to wine prices, but Deutsche Bank has upgraded beleaguered McGuigan Simeon on hopes for 2008.

Vodafone Australia is looking to increase its product offering by acquiring fixed broadband assets in Australia.

ChemGenex has received fast-tracking status from the US FDA for its Leukaemia compound, ABN Amro Morgans suggesting the stock may move higher as a result.

What happens when you conduct a survey about consumer confidence over five days immediately following the announcement of another RBA rate hike? That predictable sinking feeling!

The NSW economy has been Australia’s worst of late and the Commonwealth Bank sees little improvement until the housing sector turns around, likely late next year.

With the technical outlook for gold continuing to be favourable, Austock Securities has provided some valuation measures for the stocks it covers in the sector.

National Australia Bank’s latest monthly survey shows an improvement in business conditions but still subdued confidence levels.

Interest rates have most likely peaked in the Australian market, but with underlying inflation still strong and a tight labour market more accommodating data is needed to keep the RBA on hold.

A week is a long time in the market, with the last week proving long enough to see Westpac move to the top of the pecking order in terms of major bank ratings.

Morgan Stanley’s Stephen Roach is not of the view the US political gridlock will be good for financial markets, as he argues the US economy faces a number of challenges in coming years.