Daily FNArena News

There is an embarassing stand-off going on in Australia’s defence industry at present, but WA junior Quickstep may emerge as a unique victor.

Barclays Capital suggests a normalisation of the oil market balance requires higher prices to be achieved.

BHP Billiton broadly matched expectations with its quarterly production report but analysts remain divided over the relative value on offer in the stock.

Australian CPI data largely matched market expectations in the June quarter, suggesting interest rates are likely to remain on hold.

Transpacific Industries may have addressed its immediate debt concerns but brokers remain cautious on the stock.

Morgan Stanley believes OZ Minerals could underperform leading into its interim earnings result next month.

A survey by lenders mortgage insurance provider Genworth Financial shows owning a property remains the goal of many Australians.

ERA has advised interim earnings will be far better than the market had expected.

The minutes of this month’s RBA meeting suggest the board is now less tentative about economic recovery.

Bank of America Merrill Lynch estimates the North American ammonium nitrate market has an oversupply situation that could last for some time, which would put pressure on Orica’s earnings.