Daily FNArena News

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

If anything, it is the strong Aussie which prompted a mostly unexpected cut in the RBA cash rate to 2.75%.

The RBA today cut its cash rate by 25bps to 2.75%.

Karoon has discovered oil at the Bilby prospect, making it a successful number two out of three wells drilled in Brazil’s Santos Basin.

Brokers were largely relieved by the first half results, which provided more clarity on Orica’s growth path and signal potential for a re-rating.

Peter Switzer of the Switzer Super Report argues the value case for BHP at these levels.

Michael Gable of Novus Capital finds technical pressure on hard-running discretionary retail stocks, with Myer a clear contender for a pullback.

Spot uranium prices have ticked a little higher in May after what was a difficult April.

Business information house Dun & Bradstreet predicts Australian businesses will continue to cut expenditures though the rest of 2013.

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