Daily FNArena News

The slide in spot uranium continues with industry consultant UxC slicing a bit further than peer TradeTech.

No weekly musings from your editor this week.

Australians are now as wealthy as they have ever you been, didn’t you know.

QBE Insurance has officially made a merger offer to Insurance Australia Group and while brokers see the deal as accretive Credit Suisse questions whether it is the best deal for the company.

The latest Westpac-Melbourne Institute Leading Index of Economic Activity confirms the trend suggested by previous data: the economy in Australia is slowing.

Minutes from the Reserve Bank of Australia’s latest meeting suggest increased confidence inflation is slowly coming under control, potentially setting the scene for rate cuts this year or next.

Sino Gold’s quarterly report included lower production forecasts and higher costs but Merrill Lynch and Macquarie remain positive given the growth potential in the group.

Virgin Blue revised earnings guidance lower last week and brokers slashed forecasts as a result, while noting there will be a flow through impact on both Toll Holdings and Qantas.

..but the finance ministers are concerned about US dollar volatility, and are expecting the world economic slowdown to worsen.

First it was credit finance, then job ads, business confidence and consumer confidence posting significant drops in recent months. Now it’s housing finance.