Daily FNArena News

According to Danske Bank the multi-year trend of the US dollar falling relative to the euro is almost over, so it has looked at what emerging market currencies will strengthen with the greenback.

Ux Consulting has lowered its weekly spot price to US$63/lb, US$2 below where fellow industry consultant TradeTech left it at its last sector update.

Goodman Group has divested a non-core asset at a reasonable price and brokers have responded positively, continuing to take a positive view on the stock’s outlook.

The RBA is less definitive this month than it was when it also left rates unchanged last month.

The RBA decided to leave the cash rate at 7.25%.

TradeTech reports sellers are less eager to lower prices in the spot uranium market with buyers ready to conclude deals. Is this the bottom of the price correction?

Signs are turning more positive for the US dollar as the Fed is regarded as close to the end of its rate cutting cycle but it remains too early for a sustained rally.

A recent rally in the stock follows some good news and yesterday’s rail deal with Grancorp adds to the view of a number of brokers there is value to be found in the shares.

Following two months of falls the ANZ Jobs ads series posted a solid gain in April but the bank sees a flattening of the trend as businesses become more cautious in hiring new workers.

ResMed delivered a quarterly result largely in line with expectations but brokers continue to have mixed views as to the scope and toming of any turnaround in the group’s US operations.