Daily FNArena News

Perpetual held a strategy day yesterday and the market has reacted positively, with brokers upgrading ratings and the shares climbing today.

Caltex’s bid to acquire Mobil’s 302 service stations in Australia is knocked back by the ACCC seeing brokers move to downgrade forecasts.

The November CBA/AiG Performance of Service Index reading showed a consolidation for the month, supporting the view the Australian economy is enjoying a modest recovery.

A mostly weak November in the uranium market gave way to a late push, with details from the DOE and news of a new investment fund settling down sellers.

Metcash’s interim profit result disappointed much of the market and has prompted ratings downgrades from three brokers.

Two leading surveys indicate Chinese manufacturers continue to enjoy solid momentum and conditions.

It was a quick message this month, effectively saying “see November”, before the rise to 3.75%.

The odds were close to 50:50 as far as expectations were concerned this morning, but in the end the RBA stuck to its guns with a rise to 3.75%.

Barclays Capital argues improving fundamentals and not liquidity have pushed copper prices higher over the past few months.

It’s been a 12-month roller coaster ride for oil prices, but what’s been learned is that there is a floor.