Daily FNArena News

Wireless broadband internet company BigAir improves strategy and financials with the purchase of T3 Wireless’ customer base.

After its acquisition of HSBC Stockbroking, E*Trade moves to number two in Australian online broking.

Market experts and investors are too bullish on global oil demand, Wells Fargo economist Swanson believes. He thinks the market is heading towards a genuine shock.

According to the latest insights of credit agency S&P the outlook for banks, on a global scale, has seldom been as healthy as today.

China’s plans to raise stainless steel production capacity look set to support nickel prices for some time to come.

As metal prices stabilise, Deutsche Bank predicts large scale upside for Hong Kong’s Jiangxi Copper and Zijing, as well as India’s Hindalco.

Despite the reduced profit guidance, several brokers are turning increasingly positive on Fairfax, mainly due to valuation reasons.

Citigroup has increased its price forecasts for gold for the next 2.5 years. The result is recommendation upgrades and higher targets for Australian stocks.

Oil price fears transposing into inflation fears saw a trigger-happy Dow Jones down another 200 points overnight.

Steel industry watcher MEPS was surprised by a 5.4% jump in prices in May.