Daily FNArena News

A month of uncharacteristic volatility in the global uranium market left prices lower and even more questions unanswered.

Michael Gable of Novus Capital notes the Australian market has become volatile as expected meaning bargain hunters should be wary of the fraught art of bottom picking.

The latest National Business Expectations Survey from Dun & Bradstreet is pointing to a gloomy outlook for Australian jobs growth this year.

A wrap of the day’s activity on the Australian stock market.

Analysts suspect iron ore’s price rebound is short term, coal is still plentiful and the copper surplus is eroding. Gold prices should ease.

China is contemplating pollution reduction measures and coal could be in the firing line. The government has also introduced more property taxes.

Brokers remain nervously confident over Newcrest’s expansion plans while feeling management is a little ambitious, but already one broker has downgraded its target price.

Woolies interim result showed another solid performance, with margins up and costs down, but brokers are increasingly concerned these improvements will strangle future growth.

Weekly update on recommendation, target price, and earnings forecast changes.

A wrap of the day’s activity on the Australian stock market.