Daily FNArena News - Australia

Westpac has attempted an extensive global and local economic forecasting exercise out to 2020 with somewhat of a roller coaster implied.

The press seems convinced someone, probably BHP, will now bid for Woodside following the Shell sell-down but not all analysts agree.

Earlier than expected supply deficits in zircon and titanium oxide are sending prices through the roof, with producer Iluka enjoying enormous forecast earnings upgrades from brokers.

The National Australia Bank Monthly Business Survey showed both business confidence and conditions in Australia weakened in October.

One broker has been quick to move on QE2-based commodity prices changes and subsequent earnings forecast changes for BHP, Rio, Alumina and Iluka.

Emeco Holdings updated earnings guidance last week and the market received the news well, with brokers continuing to see value in the stock.

Canada’s initial knock-back of BHP’s Potash bid has been met with relief by the market, but is the market wrong to now assume a buyback ahead?

A snapshot of economist responses to today’s retail sales and trade balance data, both of which were weak. Glenn? I say Glenn? Y’there Glenn?

CSR has delivered lower than expected interim result but the sale of the sugar division and potential capital management remain as catalysts.

Eight out of eight Hold recommendations tell the story – Westpac’s result and forecasts are neither hot nor cold.