Daily FNArena News

Equity markets show little sign as yet of running out of short term steam, yet the most common discussion in markets today is as to whether, when, and by how much stock indices will correct.

There are modest expectations for retailers in the upcoming earnings season but a few might spring surprises, according to brokers.

A wrap of the day’s activity on the Australian stock market.

REA Group’s strong outlook is well priced in and brokers are keen to know what capital management or acquisition options the company will embark on.

The Chartist reports that Woolworths is readying itself for a pullback on the charts but this would provide an attratcive buying opportunity.

Once an analyst favorite, last year’s February reporting seasons marked the start of a slow reversal of fortunes for Reckon.

Investors in Australia are moving cash off the sidelines, the latest Australian Investor Sentiment Survey suggests.

The outlook for iron ore remains nervously positive, gold remains flat, oil to weaken a bit plus a roundup of energy plays ahead of reporting season.

There’s been a lukewarm broker response to Shopping Centres Australasia’s debut on the ASX.

Jonathan Barratt of Barratt’s Bulletin believes something is about to give for gold and the upside is favoured. However silver is preferred.