Daily FNArena News

Fledgling data security provider Covata has achieved product commercialisation and is rapidly reaching for the clouds.

Leverage to a lower Aussie and US economic recovery attracts brokers to Incitec, although subdued outlooks for explosives and fertilisers suggest caution.

A subdued outlook is in place for iron ore, steel, coking coal and oil. In contrast, gold looks a little brighter.

The Chartist suggests West Texas crude needs to hold support to establish a bounce-back, otherwise downside is severe.

A wrap of the day’s activity on the Australian stock market.

Major bank results were considered reasonable but a question of valuation again overhangs, specifically in light of expected capital requirement increases.

In its first quarter banking update Suncorp showcased the tug-of-war between margin and earnings growth. Broker opinions are mixed on whether the banker/insurer can actually pull it off.

Michael Lombardi of Profit Confidential argues why an increase in US inflation is inevitable, countering a lack of Fed concern.

Michael Gable of Fairmont Equities suggests that after its strong rebound from the October low, the ASX200 should now ease back.

Last week the uranium spot price posted its second biggest price hike in eighteen years, surging to US$42.00/lb.