Daily FNArena News

With competition still strong and rationalisation seemingly not yet a viable option brokers remain cautious on Sigma Pharmaceuticals after the company revised lower its earnings guidance.

Cash rate left unchanged at 6.25%.

Dwelling approvals throughout Australia fell a lot more than expected in May while retail sales were down when expected to be up.

Despite a disappointing production downgrade for Perseverance analyst assessment still suggests a cheap entry into gold.

As part of a consortium of investors Macquarie Communications has acquired a US broadcast tower company, brokers estimating it is paying a full price for entry into the US market.

Strong economic data overnight put paid to interest rate rise fears allowing the Dow to rally but causing the US dollar to fall. The Aussie is now testing US$0.86.

A lack of speculative interest has caused TradeTech’s weekly spot price indicator to fall to US$135/lb. Is this the peak or just a pause?

Analysts expect another solid year for the Australian equity market in FY08, with China, oil prices and the US economy posing the major risks.

Soaring food prices in China have caused the authorities to act. Chinese inflation could have significant implications for the global economy.

The latest TD/MI inflation gauge suggests inflation is being kept low by a strong Aussie dollar, but domestic inflation is on the rise.