Daily FNArena News

Spot uranium has tumbled below US$50/lb again.

The odds for an economic recession in Australia have further improved, Westpac economists report.

Australia’s PPI reading for the December quarter was well above expectations but economists still expect inflationary pressures and interest rates to continue to come down.

The uranium market featured little activity for the third week in a row.

Standard Chartered suggests, on closer inspection, that last week’s devastating Chinese economic data may not actually be as bad as first assumed.

The NAB Monthly Survey of Australian Business Conditions and Confidence showed a recovery in December.

Weekly musings from your editor, three days ahead of usual schedule, so you know it’s important. (this is last week’s republished)

Newcrest has delivered a disappointing December quarter production report largely on the back of ongoing issues at Telfer, resulting in fewer Buy ratings on the stock.

Higher production costs mean Woodside’s earnings will fall well short of expectations and brokers have cut their numbers accordingly.

Global trade numbers are plummeting leading Westpac to predict global growth in 2009 will slow to just 0.5%.