Daily FNArena News

Webjet has acquired SunHotels, which brokers consider is important for the company’s long-term outlook.

Brokers welcome OZ Minerals’ improved operational performance in the June quarter but note the prospective cash drain that comes with increased mining rates.

The Chartist reports the technicals on the spot iron ore price are beginning to suggest a break-up although more work may yet need to be done.

Citi argues the case for an extended bull market, JP Morgan warns of slowing global growth while Merrill Lynch identifies stocks to watch going into the Australian reporting season.

A wrap of the day’s activity on the Australian stock market.

Global growth momentum helps base metals but bulks languish; UBS looks ahead to production reports for the Oz energy sector while JP Morgan upgrades oil forecasts.

DJ Carmichael observes the extraordinary run for Perth-based Liquefied Natural Gas and thinks more upside is in the offing.

Michael Gable of Fairmont Equities notes G8 Education appears to be stalling after its solid run, suggesting a more attractive entry price may soon be available.

A further delay to Japanese reactor restarts and problems for ERA’s Ranger Deeps highlighted uncertainty in a uranium spot market which was again very quiet last week.

Low inventory and recovering demand spell upside for the copper market but by how much and for whom?