Daily FNArena News - Australia

Andean Resources has a high quality project at Cerro Negro but at least one broker does not want to get carried away just yet.

Having emerged from the Macquarie stable, Citi suggests investors are not yet recognising the value in Southern Cross Media.

Commonwealth Bank researchers argue that Australian house prices are only overvalued by outdated measures.

Brokers are now making assessments of how the FY10 earning season will fare and what FY11 might bring.

The July 6 Policy Meeting minutes confirm what investors should know already: the RBA has no intention of raising the cash rate beyond 4.5%, unless it has to.

Australian companies begin reporting FY10 results next week. FNArena provides some useful tips for the small investor – what to look out for, and what traps not to fall into.

Oz Minerals reported better than expected gold output and solid copper numbers for the June quarter but analysts are questioning where growth will come from in coming years.

Seek has been elevated to Buy with Conviction, while the ASX has been put on Underperform, and with conviction too.

Stockbrokers seem to be initiating coverage on Peet with a Buy rating.

Australian consumer spending has suffered during the GFC but in the view of Commonwealth Bank there are signs the trend is now set to reverse.