Daily FNArena News

While the “opportunistic” offer by Solomon Lew’s Premier Investments has been rejected by Just Group brokers see little reason to be in the stock given current tough operating conditions.

Barcays Capital’s monthly seasonal trends analysis shows Australian equities, commodities and the US dollar tend to struggle in June, while the euro is usually a winner.

Retail sales in May were lower than the market had expected and suggest the RBA is seeing some success with its attempts to slow the pace of growth in the Australian economy.

Economists remain convinced that the world is not revisiting the 1970s. However we will have to get used to certain inflationary influences.

Origin Energy rejected BG’s revised offer and lifted its gas reserves significantly, forcing brokers to re-run their models and so generating higher valuations and price targets on the stock.

BNB has reiterated earnings guidance for the full year but brokers see risk to the downside if deals continue to be postponed, with brand damage the result.

The latest Westpac/MI Monthly Inflation Gauge shows inflation remains a problem in the Australian economy, which is expected to keep the RBA’s focus on interest rates.

This week features an avalanche of data both here and abroad, and a few rate decisions.

Resrouce Capital Research has released its latest report on the uranium industry and sees signs of an improvement in prices, with US$75 per pound a likely short-term target.

Standard Chartered’s chief economist is another who believes the global credit crunch is not over, but is now entering Phase II.