Daily FNArena News

Weekly musings from your editor. This is the transformation, says Goldman Sachs, when “Hope” turns into “Growth”.

After the RBA’s latest rate hike, economists from ANZ have revisited their expectations and now expect a slower pace from the RBA.

Australian retail sales for October were up slightly, reversing the weaker September figure.

Perpetual held a strategy day yesterday and the market has reacted positively, with brokers upgrading ratings and the shares climbing today.

Caltex’s bid to acquire Mobil’s 302 service stations in Australia is knocked back by the ACCC seeing brokers move to downgrade forecasts.

The November CBA/AiG Performance of Service Index reading showed a consolidation for the month, supporting the view the Australian economy is enjoying a modest recovery.

A mostly weak November in the uranium market gave way to a late push, with details from the DOE and news of a new investment fund settling down sellers.

Metcash’s interim profit result disappointed much of the market and has prompted ratings downgrades from three brokers.

Two leading surveys indicate Chinese manufacturers continue to enjoy solid momentum and conditions.

It was a quick message this month, effectively saying “see November”, before the rise to 3.75%.