Daily FNArena News

The turn of the financial year in Australia promises to be a busy time for global economic data releases.

Any US recovery remains a long process, so the Fed will be in no hurry to lift interest rates, Morgan Stanley says.

Westpac has revised its forecasts for the Australian economy and now expects interest rates will bottom at 2.5%, up from 2.0% previously.

While the market has recently been considering the potential of interest rate hikes in the US, Westpac argues such a move remains some way off given the state of the economy.

Food additive company Clover is expanding its horizons.

Asia’s status as a major importer means further price gains for oil commodity could impact on economic growth rates in the region.

The uranium spot price continues its rise, supported by robust demand.

According to TD Securities the market has got it wrong in thinking Australian interest rates are going higher.

According to Barclays Capital shorter-term traders are now driving the gold price and with expectations of a stronger US dollar in coming weeks this suggests the price of the metal could fall further.

Speculation the US Federal Reserve will announce an exit strategy for its quantitative easing program is impacting on investor risk appetite.