Daily FNArena News

What are the prospects ahead for the forgotten commodity and its associated listed stocks?

Ausenco has expanded its operations and increased its geographical spread via two acquisitions.

Steel producers are passing on higher input costs and steel industry consultant MEPS expects this will see prices move higher through to the middle of the year.

Weekly musings from your editor. Former laggards are turning into leaders on the stock market. This does not only affect banks and resources stocks, but also the retailers.

While some arguments suggest it isn’t demand that is driving commodity prices but a weak US dollar SVB shows there has been no re-pricing of commodity costs away from the greenback.

Citi’s initiation today of coverage on Fortescue brings to four the number major brokers covering the stock, and three the number of Sell ratings therein.

Asciano has again downgraded earnings guidance and while brokers have cut their forecasts they remain positive as there is value on offer, though it will take time to flow through to the share price.

Pre-empting today’s rate hike, RBA critic Dr Steve Keen is back with more of his collection of scary graphs.

While essentially a merger of equals brokers see Oxiana shareholders as gaining more from the proposed “merger” with Zinifex.

The RBA has today increased its target funds rate to 7.25%.