Daily FNArena News

Paladin has been forced to buy in spot market uranium to cover contract shortfalls – a costly business.

Computershare has expanded in the German market via an additional stake in a corporate actions bank, brokers seeing strategic benefits but little short-term earnings impact from the move.

The Dow closed down over 200 points as the subprime slime continued to ooze down Wall Street. A downgrade to Citigroup was the main trigger. Base metals were also savaged.

Industry consultant TradeTech has left its weekly price benchmark unchanged for the third week in a row.

Iron ore darling Fortescue might be the flavour of the month with investors, but analysts are more realistic.

A solid start to the year has Brambles well placed but the board has indicated approaches from Asciano and Toll offer nothing that hasn’t already been considered.

Every story, no matter how positive, ultimately has a price. Shaw Stockbroking believes a few metals and mining stocks are trading way beyond their worth.

It will be a punctuated week in the US to accommodate for Thanksgiving on Thursday, while Australia is almost data-less.

The Dow closed up 66 in a volatile night and finished the week up 1% after 800 points of movement.

UBS sees short-term upside for CSL from higher IVIG prices, while ABN Amro notes development of a new vaccine offers potential upside in later years.