Daily FNArena News

Algae to biofuel pioneer Algae.Tec has passed a first production milestone at its Nowra demonstration facility.

Assets in both the US and Vietnam appear highly prospective and DJ Carmichael sees enough potential upside in Neon Energy to rate the stock a ‘High Conviction’ Speculative Buy.

This week’s Tweets on Twitter by Your Editor.

The Chartist suggests recent signs of recovery in the Australian Materials sector index do not change the downward trend.

GFT Market Strategist Andrew Taylor remains sceptical about what the ECB might announce next and whether financial markets will rise post the event.

Silex offers technology in the uranium enrichment, solar power and electronic chip markets and upside potential sees Bell Potter initiate coverage with a Buy rating.

Barclays Capital’s analysis of monthly seasonal trends shows equities tend to struggle in August, commodities are mixed and the yen, US dollar and bonds perform better.

World stainless steel output should rise this year but expectations for future Chinese steel demand growth appear optimistic, with pressure on the steel market to impact on iron ore.

A slowdown in junior mining company exploration has seen Campbell Brothers offer conservative earnings guidance, which has resulted in reductions to earnings forecasts and price targets.

Jonathan Barratt of Barratt’s Bulletin reports on an expanding US drought, falling crop expectations, and potential for even higher prices.