Daily FNArena News - Australia

Credit Suisse has joined UBS in covering iron ore play Gindalbie Metals, both brokers rating the stock as a Buy given valuation upside and leverage to iron ore prices.

Popular economist Cliff Bennett calls the bottom while RBS expects solid returns from here. But Morgan Stanley’s bank analysts remain wet blankets.

A snapshot of economist responses to today’s stronger than expected Australian labour market data for June.

Zircon market fundamentals are improving reports GSJB Were and BA Merrill Lynch has reinstated coverage on Iluka with a Buy.

Silver Chef is effectively a finance company providing small industrial equipment solutions, enjoying strong growth and paying an enviable yield.

While corporate earnings in Australia and globally are likely to be revised lower in coming months there still appears to be value in equities at current levels.

Forecast earnings downgrades continue for Aussie banks, but are they all priced in now?

Today’s statement released by the RBA suggests the reserve bank is happy to sit on the sidelines and to stay there.

The Reserve Bank of Australia left the official cash rate unchanged at 4.50% at its meeting this week.

A snapshot of economist responses to today’s TD Securities inflation gauge and ANZ’s job ads survey.