Daily FNArena News

This month’s round of Chinese economic data and the third quarter GDP result came in much as expected.

National Australia Bank’s latest quarterly Australian Commercial Property Survey showed some improvement in the market and expectations of further gains over the next 12 months.

PanAust and OZ Minerals have copped a broker downgrade beating while Kingsgate has moved to fill the void left by Lihir.

There were few surprises in the Woolworths quarterly sales result, so opinion remains divided on the company’s growth outlook.

Despite Wednesday’s price action, Barclays’ technical analysts believe there are reasons to believe copper is due for a larger correction.

A glance through the latest expert views and predictions about commodities with UBS revising commodity price forecasts higher, plus some reasons for caution on aluminium and silver.

The Australian share market seems to be forming a diamond top on price charts, the Wizard warns. This would be a bearish signal.

Having not raised rates since December 2007, yesterday the PboC surprised markets and sent the US dollar crashing up and stocks and commodities crashing down by announcing a 25bps hike.

CBA’s Business Sales Indicator suggests Australian consumer spending is slowly trending higher, while research by Datamonitor suggests spending habits are changing.

PFP wealth’s Tim Price has a bit of fun with those high brow journos who claim gold is in a bubble.