Daily FNArena News - Australia

Oakton delivered a solid full year earnings result, one that leads brokers to suggest the group’s turnaround is continuing.

NAB economists were surprised to see business confidence fall in July given the MRRT resolution and are concerned by a fall in new orders.

Deutsche suggests the reporting season offers upside for Industrial stocks while DJ Carmichael argues construction has a quiet year ahead. Merrill Lynch chimes in.

Sleep disorder group ResMed delivered a solid result according to brokers, with most remaining positive on the expectation earnings momentum will continue in coming quarters.

Rio Tinto delivered a better than expected interim result and along with increasing earnings estimates brokers are viewing favourably the company’s return to a focus on growth.

Macquarie’s conviction calls and broker views on the contractor, transport and healthcare sectors.

The post-stimulus and higher interest rate world for Australian retailers has already seen rolling earnings downgrades from retail sector analysts, and then along came Kathmandu.

Hutchison Telecommunications delivered a surprise result, suggesting the company is winning market share from its competitors.

Organisations from Exxon to the Bill Gates Foundation have invested heavily in the race to produce biofuel from algae. One Australian company is ahead of the game, and is now in the process of an IPO.

The RBA’s expectations for inflation – which was contrary to most economists – have come to pass to ensure rates remain on hold.