Daily FNArena News

ANZ Bank expects coal prices to continue to weaken as oil prices move lower and demand stays weak.

After a surprise jump in consumer confidence this morning, housing finance figures have booked their first rise sine January.

Are Westpac and Commonwealth now in desperate capital raising mode?

While the “experts” have been busy talking the market and the economy down, consumers have made a very upbeat statement with their wallets.

ChemGenex continues to deliver good results from its omacetaxine compound trials and ABN Amro Morgans suggests this is making the company an increasingly attractive target for big Pharma.

Unlike most bad news over the last few months, NAB’s latest business survey and economic outlook didn’t come with a silver lining, offering no alternative to looming recession. (Part 2)

If the global economic slowdown isn’t bad enough for “the other China”, the terrorist attacks in Mumbai have hardly helped.

Unlike most bad news over the last few months, NAB’s latest business survey and economic outlook didn’t come with a silver lining, offering no alternative to looming recession.

Having previously expected Australian interest rates would bottom at 3.5% Westpac now sees 2.75% as the low point given the weak economic outlook.

Several noteworthy economic release are out in Australian, but the ever complicating roadmap laid out by Wall Street will provide much of the week’s direction.