Daily FNArena News

Andy Xie is as bearish as usual in cautioning inflation is becoming a bigger problem than most in the markets realise, suggesting policy action needs to be stepped up before its impact is too great.

Gindalbie has continued to return encouraging exploration results from its Karara iron project. And then there is the joint venture with Chinese steel giant AnSteel.

Oil would have to surge as high as US$120 per barrel to cause a global recession. And the Poms would feel the most pain, at first.

Sales, margins and confidence continue their steady decline in Australia’s retail sector.

Brokers have not changed their forecasts for GPT following the company’s release of a wholesale office fund, but point out there is now some upside risk to earnings.

ABN Amro suggests the potential for bad debts in a number of sectors of the economy is rising, so there is some downside risk for bank earnings as a result.

Investors forgot about the war and focused on earnings last night. This time the news was good, so they bought it.

Mt Gibson has launched a scrip offer for Aztec Resources. The ambition is to create a new iron ore force in Australia.

Only a miracle will prevent the RBA increasing rates next month, following a huge jump in the second quarter PPI.

If you’re not too fussed about franking credits, Intersuisse says Macquarie Airports is a solid yield pick with long term growth upside.