Daily FNArena News - Australia

MID WEEK UPDATE. Market has started the week grinding higher and the uptrend is holding above 4961

A number of issues are weighing on Incitec Pivot. None the least is the ongoing reliability of the Phosphate Hill plant.

Western Areas has impressed brokers by staying above the line despite a depressed nickel price.

FNArena’s weekly update on short positions in the Australian share market.

Another broker initiates coverage on the Woolworths spin-off, Shopping Centres Australasia, but finds the outlook all rather lacklustre.

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

Brokers are anticipating a strong earnings season for the general insurers, although life businesses have a few problems.

Macquarie Atlas revealed subdued traffic growth on key roads in the June quarter. The problem for brokers is the subdued part.

There is a growing feeling among analysts that the gold price has now seen a low, but this hasn’t stopped them slashing Australian goldminer targets and ratings.

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