Daily FNArena News

The RBA this morning left the cash rate untouched at 6.25%.

Premier Beattie may yet not make good on his uranium u-turn. Paladin is suffering set-backs but not more so than ERA. SA confusion continues.

The uranium discovery touted by news services this morning and allegedly announced by the South Australian premier is not a new one. Nor does Adelaide Resources have anything to do with it.

CO2 Group is one company in the box seat when demand begins to outrun supply for carbon credits and the price begins to respond accordingly.

Intersuisse has joined the ranks of brokers covering Spark Infrastructure, rating the stock as Accumulate given its attractive yield.

Higher petrol prices are likely to reignite inflation in Australia, the latest gauge by TD Securities and Melbourne Institute indicates. The survey also indicates inflation remains broader based than just petrol.

The discovery of a big uranium deposit in South Australia has all the hallmarks of a new hype, being touted “the biggest uranium find in 25 years”.

The futures market is hedging its bets, but economists are leaning towards more observation rather than action from the RBA this week. Investors are likely to closely watch any developments in renewed trade tensions between the US and China.

The market may be pricing in a 50% or better chance of a rate hike next week but while Stephen Koukoulas of TD Securities agrees, not everyone else does.

National Australia Bank has lifted its commodity price forecasts for coming quarters and while it sees some weakening in 2008 suggests any falls will be modest.