Daily FNArena News - Australia

National Australia Bank’s May survey of Australian business conditions and confidence showed a fall in both measures, leading the bank to trim its GDP forecasts for the economy.

CSL previously missed out on Talecris but a new takeover proposal for the US company should deliver some benefits, say stockbrokers.

Total job ads numbers rose in May, but it was all due to online ads, with newspapers missing out on the monthly bounce.

Macquarie examines the potential RSPT impact on Australia’s GDP while GSJB Were notes the critical earnings impact of the “super” threshold.

A snapshot of economist responses to today’s trade balance which showed a surprising swing back to surplus in April on surging iron ore and coal prices.

UBS has made minor changes to its model portfolio to reflect May market action, while RBS has identified potential ASX100 earnings surprises in August’s reporting season.

After delivering its Waratah bombshell on Tuesday, yesterday saw a resolute Downer management team hosting a scheduled Investor Day. Tomatoes anyone?

A snapshot of economist responses to today’s March quarter GDP result for Australia.

Perennial disappointer Downer has once again shattered market confidence with another spurious risk management failure. No one is amused.

The RBA was never going to change last month’s rate, but a surge in April retail sales and a plunge in building approvals did surprise economists.