Daily FNArena News

Weakening retail and a lower greenback saw Wall Street give some back after four days of indulgence.

ABN Amro analysts suggest that while the Switkowski report is a positive for the Australian uranium industry, little will be achieved in the short term.

Morgan Stanley has initiated coverage on Newcrest and Oxiana with Buys but has a Sell on Lihir, while Austock has downgraded Sino Gold to Hold on valuation grounds.

Australian gold producers have been deliberately reducing production in the face of higher gold prices, as is the practise amongst all metal miners.

BIS Shrapnel believes the economy is on a “knife edge”, but that wage cost pressure has not yet been fully realised in the numbers.

After a slow week last week, economists are back in the frame as a raft of data are released here and in the US. Local focus will be on capex.

Merrill Lynch analyst Vicky Binns believes investors are best to dismiss rumours that either BHP or Rio Tinto may intervene in the Phelps Dodge-Freeport merger.

It’s been a long time coming, but weight of evidence has finally seen the US dollar break its trading range against the euro.

Foster’s Group rose yesterday on renewed takeover rumours. Is there value to be found for a potential acquirer?

Read between the lines of recent securities analyst research reports and it would seem a platform has already been created for another higher than expected iron ore contract price rise in 2007.