Daily FNArena News

A short survey of FN Arena’s data shows most banks are now trading close to twelve month targets.

Recent volatility and a history of poor performance near the top of the interest rate cycle in the US has brokers suggesting Asian emerging market performance may be subdued in the next few months.

Credit Suisse has noticed that some of the long-standing rules of equity investment or disinvestment in particular months of the year are being broken.

Morgan Stanley expects the USD to resume its cyclical decline, but expects this to be limited by liquidity driven risk reduction.

Mining services company Emeco may be the largest float on the market this year, but DJ Carmichael for one suggests investors are better off not subscribing for shares.

The prospect in Indonesian interest rates falling to 10.75% this year is expected to bode well for the stock exchange, particularly banking and property stocks.

CFK has advised of a larger than expected loss for the year, while Interuisse notes its growth options are being squeezed by the ongoing expansion of ABC Learning Centres (ABS).

Shares in Cash Converters (CCV) have risen today after the company announced it would acquire the companies involved in its growing micro-lending operations.

All systems go or problems ahead? Australia’s exchange monopoly enters a new dawn with mixed blessings.

ANZ’s trend data for job advertisements in Australia suggests employment growth is to slow in the months ahead.