Daily FNArena News

The Chartist suggests the S&P500 will continue to rise, but an interim pullback may soon provide a buying opportunity.

Oracle’s bid for Aconex represents a substantial premium. Brokers suggest a counter bid, while highly unlikely, cannot be completely ruled out, but nor can the regulators be ignored.

Michael Gable of Fairmont Equities suggests the slide in Retail Food Group has further to run before a base might be found.

Moelis welcomes the divestment of the McPherson’s home appliances division, expecting the company to now concentrate on growing its health & beauty business.

Craig Parker of Moat Capital notes the ASX200 is struggling to break 6000 on a lack of volume.

The ACCC has opposed BP’s proposed acquisition of the Woolworths petrol business. Brokers suggest a capital return for Woolworths is now less likely and Caltex is less likely to lose -$150m in earnings.

A glance through the latest expert views and predictions about commodities. Silver; gold; copper & nickel; 2018 outlook; and miners.

The Chartist reports any signs of a meaningful rally for gold are absent as price action continues to suggest the downside.

ANZ Bank has sold its life insurance operations to Zurich Financial. Most brokers consider the price reasonable and speculate about the use of the proceeds.

Genex Power is positioned to benefit from changes occurring in the National Electricity Market. Canaccord Genuity initiates coverage with a speculative Buy rating.