Daily FNArena News

Weekly musings from your editor. September appears to have brought the pullback for equities. Should we fear the worst?

RBS Australia has initiated coverage on iiNet with a Buy as it sees several years of solid earnings growth ahead for the company.

While not out of the woods yet, a clear case is building for a recovery in Australian Commercial property.

The FY09 was OK, the FY10 outlook slightly disappointing, but Buys reign supreme in the broker assessments of Origin.

The natural propensity for central banks to sell gold is giving way to a more buy-side oriented global policy.

On Morgan Stanley’s estimates, Fortescue Metals needs to raise capital this year and any deal with the Chinese will dilute existing shareholdings.

Australian GDP rose by 0.6% in the June quarter, a better than expected result largely reflecting the impact of stimulus measures introduced by the Government.

Government stimulus overcame weakness elsewhere to ensure a positive June quarter of economic growth.

An unconfirmed letter suggests Chinese state companies may simply renege on huge derivatives hedging losses.

After twelve months of painful declines, the outlook for stainless steel seems to be on the mend.