Daily FNArena News

Could it really be? Is Newcrest’s troubled Telfer mine finally on the improve?

Macquarie Leisure’s 1Q results were in line with expectations but UBS has downgraded the stock after recent gains, making the first break from what had been unanimous Buy ratings.

Stabilisation in financials gave way to renewed weakness last night as carry trade unwinding reignited. Gold and copper collapsed.

The troubled housing market is starting to impact on the UK economy, the central bank has acknowledged. You ain’t seen nothing yet, suggests BNP Paribas.

Housing affordability is an election issue but while house prices continue to increase in inner city areas in particular St George Bank notes household balance sheets remain in good shape.

Shares of Arasor International jumped following the announcement of a new JV.

Solid results from its bus and UK taxi joint ventures support the market’s positive view on Cabcarge and have prompted JP Morgan to Upgrade the stock to Overweight.

Wall Street went nowhere for most of the session, coming to terms with economic data and corporate developments.

Weekly musings from your editor. The banks have not looked this good in weeks, and recommendation upgrades are back in full swing. Is the market finally ready to take the 6700 hurdle?

John Hussman of Hussman Funds suggests using a basket of economic indicators the evidence shows the US economy is close to entering a recession.