Daily FNArena News - Australia

Fortescue Metals increased production in the September quarter but the market continues to focus on its expansion plans.

Following strong gains in recent months the NAB survey of business confidence and conditions showed modest falls in September.

Telstra has submitted its views on proposed changes to regulations in the telco sector and while it is trying to defend sharholder value the key remains the NBN outcome.

It’s been a good quarter for the global economy, but with recovery more than priced in, the momentum might be hard to maintain.

Australian labour force data for September were far stronger than the market had forecast. The RBA must feel vindicated.

Australian housing finance aprovals fell slightly in August but the details reveal a better result.

Trading volumes for the ASX were stronger in September and brokers continue to see value in the stock.

Lifting the quality of Brambles pallets in the US will raise costs, leading to some broker downgrades.

Upgrades to oil price and currency forecasts affect changes to broker EPS forecasts in the energy sector.

With economic growth returning closer to trend, the RBA thought it prudent to begin lessening monetary stimulus.