Daily FNArena News

Australia’s services sector activity is still contracting, but the pace has slowed down significantly.

The RBA is comfortable in doing nothing, but remains ready to act if and when necessary.

The RBA left the official cash rate at 3% at its June meeting.

M2 Communications is set to enjoy a significant boost in earnings from buying the small and medium-sized business assets of Commander.

PaperlinX has addressed its debt issues but at the same time management has indicated earnings remain under significant pressure.

Retail sales and company profits data for Australia were released today and the numbers haven’t changed economist expectations of a small fall in GDP in the March quarter.

Two surveys into China’s manufacturers generated a positive result for May.

CLSA’s monthly survey into Chinese manufacturers provided more evidence operating conditions have stabilised.

June is a mixed month in financial markets as the trend favours a down month in equities and a number of fixed income markets but is good for the euro and copper prices.

Weekly musings from your editor. Share market indices and blue chips are not always what a share market is all about.