Daily FNArena News - Australia

ASIC reports Fairfax is the most shorted stock in the index, with daylight second. Why?

The latest Westpac-ACCI Survey of Industrial Trends has delivered some mixed data, with price pressures rising but growth still above trend.

Merrill Lynch believes current earnings expectations are deluded, Macquarie sees positive returns, while Deutsche Bank has upgraded ANZ to Buy.

Morgan Stanley has initiated coverage on iiNet with an Overweight rating, supported by earnings growth assumptions in coming years that are above market consensus.

Twenty-first century metallurgical advances have liberated the value of an extensive gold-copper resource at Ravensthorpe for junior miner Tectonic Resources.

Strategists at Macquarie, RBS and BA-ML updated their thoughts, while JPM’s emerging companies team lined up a list of favourites.

Telstra has reached agreement with NBNCo with respect to migrating customers and leasing infrastruture, but brokers don’t like the lack of details.

In reports written prior to the latest RMB events, both RBS and Citi stated their value attraction to Australian resources stocks. CS updated its small cap preferences.

According to CommSec the latest Australian jobs growth data showed the mining, construction and transport sectors have returned as the primary drivers of the Australian economy.

Strategists at Citi, Macquarie and UBS have outlined a few ideas, good and bad, for short and longer term horizons.