Daily FNArena News

Weekly musings by your editor. Today’s market is all about investor sentiment and less so about economic data or corporate profits.

The US leads the way in terms of economic data releases next week and quarterly production reports continue for Australian mining companies, while Wesfarmers and ANZ Bank will update shareholders.

Opinion is growing that copper’s strong rally is all just a mirage. But not everyone agrees.

Quarterly production for uranium miner Energy Resources of Australia was disappointing and on the back of recent share price gains brokers are now questioning the value on offer.

The latest batch of economic data releases have kept hopes alive China might be on the road to economic recovery.

Oil demand is expected to fall this year but in the view of Barclays Capital the revised International Energy Agency numbers are too bearish given global growth expectations.

In the view of Standard Chartered the latest fiscal stimulus package announced in Japan shuold boost growth but it will require an easing in monetary policy by the BoJ to be most effective.

Qantas has slashed guidance for earnings but only RBS Australia has downgraded its rating on the stock. What’s happening?

The February Westpac-Melbourne Institute Leading Index suggests economic growth will be weaker than expected this year in Australia.

According to Southern Cross Equities recent share price weakness is increasing the attractiveness of sleep disorder group ResMed.