Daily FNArena News

The Aussie is still overvalued, says the RBA, and there’s more scope for further rate cuts.

The RBA has left its cash rate on hold at 2.75%

This week ATW’s Jerry Simmons suggests the odds of a pullback in the US are rising, with a fall below 1600 in the S&P 500 targeted.

Cochlear delivered the earnings estimate downgrade that brokers feared. Now that’s out of the way, the outlook is a little more rosy.

Peter Switzer of the Switzer Super Report sizes up the potential reaction of Wall Street to this week’s US jobs number in the context of Fed exit talk.

Michael Gable of Novus Capital suggests a last hurrah bounce for Australian bank shares is in the offing before further declines, with Westpac chosen as the example.

May was another slow month in the uranium market as buyers and sellers moved further apart.

Dun & Bradstreet’s latest Australian National Business Expectations Survey shows selling prices are set to lift from 24-year lows and earnings outlooks are improving.

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

A continuation of subdued growth is expected in 2013. Base metals, coal, gas and oil prices are expected to remain soft.