Daily FNArena News

Gaming machine maker Aristocrat has disappointed the market by cutting 3-month old earnings guidance, leading brokers to suggest outperformance is unlikely in the medium-term.

Industry consultant TradeTech left its weekly spot price indicator for U3O8 unchanged.

According to GaveKal the Aussie dollar’s strength has been due to its attraction in the carry trade but if rates come down as the economy slows the currency is likely to tumble.

National Australia Bank’s June quarter survey of business conditions show times are getting tougher as the economic slowdown has been sharper than expected.

A dour IMF global update added to the general gloom surrounding financials overnight, while Merrill Lynch takes some drastic measures.

ERA posted a mixed half-yearly profit result and as a result brokers are considering the value of the stock with ABN Amro seeing it as fairly priced while Citi remains bullish.

Is there another $4.5bn in write-downs to come? How will we know?

National Australia Bank’s September survey of business confidence levels shows further falls, with only the mining and health sectors positive about the short-term outlook.

As the US government passes its Fannie & Freddie rescue plan into law, the UK Treasury is preparing its own means of saving mortgages.

As the US second quarter earnings season nears its completion, the focus now swings to Australia and the first trickle of full/half year results from Downunder.