Daily FNArena News

Management at Alesco has lowered guidance for FY10 earnings but stockbrokers remain broadly positive on the stock.

Westpac economists report Australian consumers’ expectations for unemployment rose slightly in December.

A little more than a month after floating on the ASX, brokers are starting to pick up Myer and with high expectations.

The Westpac-Melbourne Institute Index of Consmer Sentiment fell modestly in December.

Greece’s credit downgrade once again highlights problems in the EU structure.

It seems the worst case scenario for oil is flat trading until the recovery economic recovery really kicks in later next year.

The National Australia Bank Monthly Business Survey for November showed a further small gain in business confidence, supporting an upward revision in the bank’s growth forecasts for the economy.

Commodity prices generally are forecast to move higher in 2010 but it will be those commodities with supply side issues that should gain the most as the global economy recovers.

The ANZ Job Ads series rose 5.2% in November, reversing the fall recorded in October and supporting the view the recovery in the Australian economy remains on track.

While the rest of the base metals complex continues to firm, nickel seems to have been left behind, but for how long?