Daily FNArena News

Australia’s unemployment rate is now at a 33-year low and the potential for this to flow through to higher wages and therefore inflation means interest rates appear certain to go higher.

Platinum Asset Management reported another poor FUM report for September but brokers covering the stock have not given up hope performance can improve.

Inflation expectations are now at a two year high in Australia and Westpac economists believe the next official data release is likely to surprise on the upside.

Mixed third quarter profit reports affected a mixed day on Wall Street.

Weekly musings from your editor. This week: has spot uranium finally bottomed?

According to Westpac housing affordability has fallen significantly in Brisbane, Melbourne and Adelaide and this may limit any price gains during the next upswing in housing.

Citi has assessed the reduction in production guidance announced by Minara Resources and decided the risks are too great, downgrading the stock to Sell from Buy.

Having had a perfect five-for-five Buy ratings last week Macquarie Leisure is even more popular after UBS and Austock both initiated coverage with Buy recommendations.

National Australia Bank has joined the rush to lift forecasts for iron ore prices, the group forecasting a 15% increase but seeing price risk as to the upside.

Wall Street managed to convince itself last night that the month-old Fed minutes foretold of further rate cuts ahead. Aye caramba.