The National Australia Bank’s monthly business survey suggests the economy is trending down, which is likely to see the Reserve Bank pause in interest rates.
JP Morgan joins the club.
As gold has breached US$600/oz, traders are assuming the long anticipated final quota of European central bank sales have been behind the falls, and that everyone else has stepped aside.
The chairman of Exxon-Mobil Australia has debunked the concept of peak oil, suggesting there’s still plenty for everyone. But then I suppose he would.
Online news service Crikey reports Seek will launch its own online real estate classifieds service in October, supported by four major real estate franchise groups.
Credit Suisse likes the India growth story but is realistic in its assessment, accepting much remains to be done before it can be considered as an equal of China.
DCA Group has revealed it has been approached by potential buyers, but the broking community suggests a premium above current prices appears unlikely.
Merrill Lynch has chimed in with a round of significant upgrades following Citigroup and GSJB Were last week.
Increased competition will put pressure on margins at API, Sigma and Symbion. However, Deutsche Bank believes Sigma –the aggressor- is to feel the least impact.
Have the odds shifted towards no more rate hikes in Australia? HSBC’s John Edwards certainly seems to think so.
