Daily FNArena News

Woolworths is enjoying the benefits of its major competitor being in disarray and up for sale, but market opinion is split as to whether or not it can continue its recent strong performance.

April’s consumer confidence failed to rise. Westpac suspects higher petrol prices and ongoing speculation the RBA will hike once more are responsible.

March inflation in the US was less than expected, but the Bank of England has been asked to “please explain”.

Gavekal Research suggests the boom in Chinese equity markets is far from over. The Chinese government could benefit by giving investors exposure to foreign markets as well.

Coca-Cola Amatil is ready to make a beer-related announcement at its strategy presentation tomorrow. Will it be a takeover offer for Foster’s?

Forecasts for the Australian dollar against the US currency are being revised higher as conditions remain in favour of further gains.

NAB’s quarterly business survey has found that overall conditions remain strong, with labour constraints pushing up wages and capacity utilisation at a record high.

The IMF has again come under pressure to sell its extensive gold holdings, while a Sunday Times article has refocused attention on manipulative British gold sales of 1999.

National Australia Bank’s latest survey of business confidence levels shows confidence increasing across the board but strongest among SMEs.

Molybdenum is not just a tongue twister. With demand increasing for its use in applications from steel alloys to catalysts, the moly market could just about be set to explode.