Daily FNArena News - Australia

Rumour has it Oxiana is on the radar of Zinifex. Where are the foreign majors?

Intersuisse has turned positive on Adacel, seeing potential for strong earnings growth for several years as the company continues to add contracts in the aviation training and simulation sector.

It’s been rumoured quite a few times in the past but our sources in London say talk in the market over there is that GE is about to go public with an offer for Brambles.

BHP and Rio Tinto shares have fallen 15% and underperformed the copper price. Merrill Lynch is calling a short term buy.

There’s been talk of a turnaround in the Australian housing market. Not yet, says NAB.

TD Securities’ Stephen Koukoulas suggests the Aussie dollar has started a move higher against the Canadian currency, noting several reasons in support of his view.

Global fixed interest manager PIMCO expects the global economy to achieve a soft landing, though uncertainty suggests investors should remain cautious.

Westpac Expects Western Australia and Queensland will continue to be the drivers for the national economy, though NSW and Victoria should enjoy a small uptick in activity over the next year.

Don’t be fooled by the surprising June quarter GDP data. Interest rates are still going up in Australia, at least that’s what the latest leading indicator data is telling us.

After 26 months of Buy recommendation, a $14 rise and a $9 dollar fall, Deutsche Bank has downgraded Rinker to Hold. And dropped the target 28%.