Daily FNArena News

The company is not well covered but on ABN Amro’s revised earnings forecasts W H Soul Pattinson remains a Buy given the below 10x forecast P/E and forecast 6% yield.

Westpac has often featured in merger rumours but today the bank has confirmed the talk by revealing it is in merger discussions with St George Bank.

Australian Treasurer Wayne Swan brings down his first federal budget on Tuesday night while the US, EU and UK all learn April CPIs.

The Great Debate – is it speculation, or is it simply supply/demand?

Sims Group delivered a solid third quarter result and expects higher 4Q earnings but some brokers argue the stock has run too hard and any good news is already priced in.

Labour force data for April was stronger than the market had expected and economists see it as keeping the RBA’s tightening bias in place for some time.

The title above this story probably says it all.

While short of surprises the Westfield quarterly showed the underlying business remains solid and brokers continue to see relative value in the stock.

Steel industry consultant MEPS has revised up its steel price forecasts but mid-year may prove to be the peak if the global economy slows further.

Weekly musings from your editor. Banks are pushing valuation limits and resources stocks have reached multiples not seen for years. What is the outlook for this market?