No deals occurred, so no price changes for uranium over the past week.
With more than 20% of the market reporting so far, comments from a number of brokers indicate things aren’t as bad as some feared.
The Australian consumer is still doing it tough according to CommSec, with July figures showing lower mobile phone sales and no relief from spiraling rents.
According to DBS, Asian economies are holding up well on rising exports driven by China, but how much risk remains if the Chinese economy does slow down.
Reporting season heats up this week, with BHP, Qantas and IAG releasing results; to name just a few.
Higher commodity prices have held back the Japanese economy, but Daiwa Institute says oil at US$100 per barrel would offer the best chance of stronger growth.
In a tough market, David Jones beat expectations with June quarter sales then lifted its FY guidance. Merrill Lynch says the result warrants a Buy.
While PMP met its low-ball FY08 targets, the lack of forecasts for FY09 and tougher conditions ahead has brokers downgrading the stock.
There’s no point in dreamin’. California is broke, the budget is frozen, and the Governator must be wondering whether he’ll be back…for another term.
Westpac says 100-150bp in rate cuts could stop the slide in the housing market.
