Daily FNArena News

Australian job ads in April fell a further 7.5% and according to ANZ Bank the numbers are consistent with unemployment moving above 8% sometime in 2010.

Weekly musings from your editor. Have we seen the bottom yet?

Most major economies have economic data out next week that will provide investors with a greater understanding of current conditions. Westpac is among Aussie companies releasing results.

Recent gains in the Rio Tinto share price mean one of the conversion milestones of the Chinalco proposal has been breached, increasing the chances an alternative to the original deal emerges.

With leave to entertain further takeover offers, RBS believes Gloucester is undervalued whichever way you look at it.

CSL’s takeover proposal for Talecris is the major short-term catalyst for the stock but in the view of Southern Cross Equities there are also other reasons to buy the stock at present.

The March quarter business survey by National Australia Bank showed further weakness in the Australian economy is likely.

DBS Group has developed a new Dashboard measure for assessing the state of the Asian economy, the latest numbers indicating the recovery is real and sustainable.

Brokers agree Viterra’s bid for ABB Grain faces many hurdles, and not just in price.

The market has run sharply since early March but according to Russell Investments Australian equities remain undervalued by as much as 40%.