Daily FNArena News

Today’s RBA statement accompanying the predictable lack of change to the cash rate is barely changed from last month despite world events.

The AIG-CBA Performance of Services Index declined again in March, highlighting ongoing caution among Australian consumers with respect to the economic outlook.

A site vist to the Hidden Valley and Wafi-Golpu projects in PNG has left stockbrokers positive on the outlook for Newcrest.

Spot uranium stabilised last week as the world continued to debate the fallout from Fukushima and Kazakhstan moved to limit supply.

The Chartist has upped the technical target for gold, to well beyond the oft-mentioned US$1500/oz.

While not cheap, Spark Infrastructure’s internalisation is seen as a positive by analysts and a possible hurry-up for other externally managed funds to follow suit.

A new report by industry consultant and economic forecaster BIS Shrapnel predicts annual engineering construction spending in Australia will top $100bn.

FNArena’s Sentiment Indicator doesn’t show National Australia Bank as the highest rated of the majors, but DJ Carmichael sees value at current levels.

As we enter the June quarter, brokers have begun reassessing those stocks for which they hold a high Buy or Sell conviction.

Intersuisse has initiated coverage on junior copper explorer Syndicated Metals with a Speculative Buy rating.