Daily FNArena News

National Australia Bank’s latest monthly survey shows an improvement in business conditions but still subdued confidence levels.

UBP’s Tim Price analyses the global credit bubble. His conclusion: not everyone gets out of this room alive.

Interest rates have most likely peaked in the Australian market, but with underlying inflation still strong and a tight labour market more accommodating data is needed to keep the RBA on hold.

Industry feedback suggests market fundamentals remain in stark favour of further price rises for U3O8. Last week saw the spot price advance again.

A week is a long time in the market, with the last week proving long enough to see Westpac move to the top of the pecking order in terms of major bank ratings.

BHP has locked in lower TC/RC prices with Korean and Indian smelters, with no price participation, which may benchmark the level for Japan and China.

The IEA has painted what UBS describes as a “gloomy” energy future. The tone for oil prices is increasingly bullish.

Morgan Stanley’s Stephen Roach is not of the view the US political gridlock will be good for financial markets, as he argues the US economy faces a number of challenges in coming years.

Paladin management has dispelled concerns regarding its processing operation at Langer Heinrich. UBS gains confidence.

With kind permission from Tim Price, FN Arena publishes his column on BRICs. Recommended by your editor.