Daily FNArena News

No surprises in the RBA’s move to lift rates to 6.00%.

Korvest has beaten Credit Suisse’s forecasts with its profit result, leading the broker to lift its estimates and maintain its positive rating.

If the conspiracy theorists are right – and they abound in the world of gold trading – then the price of gold should be much, much higher. Perhaps as high as US$2,000/oz.

CLSA’s July survey of Chinese manufacturing shows a sector enjoying buoyant times, and passing on higher input costs. Expect tougher measurements by the authorities.

Both National Bank and Credit Suisse have lifted their oil price forecasts as they note demand remains strong but increases to supply capacity remain limited.

June quarter production was disappointing, but full-year production guidance has been maintained. Is this realistic?

Steel industry consultant MEPS suggests both sides of the steel market are struggling as the nickel price continues to impact on steel prices.

Proposed paper price increases in the UK market are good news for PaperlinX as it adds to the evidence the company is now at or close to the bottom of its earnings cycle.

Steel markets globally are showing increased volatility, though analysts suggest it is too early to know if this signals a correction or is simply a seasonal blip in prices.

Nickel has been the outstanding performer in the metal complex of late, but UBS ponders whether copper might not make a comeback.