Daily FNArena News

Monthly retail sales and trade data delivered mixed signals for the Australian economy but this has not changed the view of a number of ecocnomists the Reserve Bank will lift rates next week.

Ux Consulting has left its weekly U3O8 spot price indicator unchanged at US$120/lb.

With iron ore prices like these, there’s no point sitting around watching the world go by. JP Morgan sees grand, and rapid, expansion plans.

CLSA’s monthly manufacturing survey has revealed overall activity is at a slower pace compared with breakneck activity levels in June.

Early strength on Wall Street was killed off last night as a large mortgage lender announced trouble and the Fed declared the market was on its own.

While the bulls are looking for attractive value the bears have really come out to play.

No consensus exists between the two industry consultants that each set their weekly spot price indicator with TradeTech refusing to copy last week’s heavy price cut by Ux Consulting.

Spotless Group has again revised down earnings in what Credit Suisse suggests is becoming an annual tradition, one ABN Amro views as offering no reason to hold the stock.

Late buying in the Australian market was reflected on Wall Street as the Dow, too, opened lower but closed higher.

Zinifex’s Century mine delivered record production but the story is now one of the zinc price and the likely proceeds from the smelting asset sale and here brokers are not in agreement.