Daily FNArena News

Gold stocks face downgrades, Brent crude should rebound while nickel prices are likely to stay under pressure.

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

Woodside Petroleum has downgraded production for 2013 on the back of a shut-in at Pluto and delay at Vincent. Brokers review the outlook and dividend implications as a result.

The Chartist reports no sign of a bounce on the charts for Rio Tinto, with further downside more likley.

Despite the recent beatdown, Michael Lombardi continues to believe that gold bullion has a shining future ahead.

Brokers have welcomed Brambles’ decision to spin off Recall, allowing two different businesses to go their separate ways.

Jonathan Barratt of Barratt’s Bulletin suggests the recent jump in oil prices on Egyptian concerns is unwarranted and belies global oversupply.

Pressures on retailer sales from online competition have been well flagged but it also translates to shopping centre income and yields, in BIS Shrapnel’s view.

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

FNArena’s Treasure Chest reports on money making ideas from stockbrokers and other experts. Celebrated global financial markets trader Dennis Gartman has made what he describes as a “watershed” call, turning suddenly bullish on gold.