Daily FNArena News

A glance through the latest expert views and predictions about commodities with Chinese economic indicators seen as capping base metals, and updates on gold, iron ore, base metals and thermal coal.

This week’s Tweets on Twitter by Your Editor.

The Chartist notes signs of Telstra topping out ahead of a possible correction, within its upside trend.

Peter Switzer of the Switzer Super Report sees a pullback ahead of what might next come out of Europe.

Market analysts at FXCM note the S&P rally has stalled as the US dollar trades around a key support level. They suggest a turn lower for equities could boost the currency.

Robert Clayton of GTL Management suggests technical signals point to a pullback in the Commonwealth Bank price.

A better than expected profit, a confident outlook and measured approach to capex from Rio Tinto have analysts underlining their Buy ratings for the other “Big Australian”.

Computershare’s result again met market expectations and the combination of solid earnings guidance and leverage to improved conditions sees broker ratings weighted to Buy.

Australian REITs have outperformed the market so far this year and brokers see scope for such outperformance to continue. Preferred sector exposures have been updated prior to profit season.

Jonathan Barratt of Barratt’s Bulletin cites US summer demand, harricanes and ongoing geopolitical tensions as reasons oil remains supported.