Daily FNArena News

While the RBA almost certainly won’t lift interest rates this week after the better than expected CPI outcome, experts agree the bank’s tightening bias will remain in place.

Will Australia’s biggest deal to date get over the line? Things are looking desperate in Martin Place. Little desperation is expected from the RBA however.

With seasonal conditions in favour of higher metal prices expectations are being reviewed and the outlook appears favourable.

Gold continues to prove surprisingly resilient against European central bank selling of their gold allowances.

Weekly musings from your editor.

The Reserve Bank of New Zealand has again lifted official interest rates, but the market is coming to the conclusion the peak of the cycle is at hand.

ResMed’s third quarter performance was below market expectations and there was a surprise product recall, but brokers remain positive longer-term.

The Westpac_Melbourne Institute Leading Indicators Index remains above trend levels, indicative of ongoing strength in the economy and a possible precursor to interest rate hikes next year.

Australia’s CPI for the March quarter was far lower than the market expected and likely puts interest rates on hold, though experts suspect the RBA’s tightening bias to remain in place.

With the housing market still in deficit ANZ Bank expects the market will remain tight, but rental increases should bring investors and developers back in coming months.