Daily FNArena News - Australia

The Reserve Bank is still in an easing bias, guns at the ready, but a renewed threat is yet to materialise.

The RBA decided to again leave the cash rate at 3% this month.

QMastor is making good on its mission to be a little company that takes on the world.

Australian employers are still reluctant to hire, but they’re not firing either, ANZ economists point out.

Inflation has likely risen slightly in June, but on a yearly basis it is to remain below RBA targets for longer, reports TD Securities.

The Australian economy is well placed to benefit as the global economy recovers, with infrastructure and housing dependent sectors the bet placed for gains, CommSec says.

Westpac’s model of leading indicators now suggests the Australian labour market will bottom out in the final quarter this year rather than 2010.

Most brokers covering CSL are bullish on the stock, but Morgan Stanley offers some reasons why earnings could fall short of expectations.

Fortescue shares surged briefly above $4 or about 300% above some broker price targets for the stock.

Westpac has revised its forecasts for the Australian economy and now expects interest rates will bottom at 2.5%, up from 2.0% previously.