Daily FNArena News - Australia

Macquarie analysts believe Westpac shares are unlikely to further underperform the banks from here, while ANZ’s outperformance has to come to an end.

Stockbroker economists consensus suggests interest rates in Australia might now have peaked, though investors should keep in mind that nothing’s certain.

Following today’s rise, RBA rhetoric, along with recent data, suggests the chance of another rise in the first quarter next year is still unclear, but leaning towards a policy breather (perhaps).

No great surprise as the RBA does what it felt it had to do.

There has been no let up in the growth of Australian online advertising.

TD Securities’ monthly inflation data and ANZ’s job ad survey were released today. On these numbers, will the RBA still raise?

Rio has told assembled analysts that it no longer expects metal prices to regress this year, and market tightness will likely mean peaks have not been reached and the cycle will extend for some time.

Southern Cross Equities notes Healthscope has been a beneficiary from the improved performance of Medibank Private and sees this trend continuing.

Even the horses in the Melbourne Cup expect the RBA committee will decide to lift rates before the race, but CommSec’s Craig James throws up some drought doubt.

Is Network Seven the best media value in the market? Brokers are beginning to think so.