Daily FNArena News

For several months bad news has outweighed the good for Asciano but a contract win in Saudi Arabia and expectations of further positive deals in coming weeks are improving investor sentiment.

Wesfarmers has announced details of a rights issue to refinance debt associated with the Coles acquisition but the issue hasn’t resulted in brokers changing their divided views on the stock.

The first quarter PPI increase was the highest on record.

There are several reasons to fear a gold pullback, although not all brokers are convinced.

The share price slump in Reckson New York encouraged Credit Suisse analyst to meet with management. They left the meeting with the view dividends will pay investors to wait for a turnaround.

It’s CPI time in Australia, but unless the number is extraordinarily high consensus still has the RBA on hold in May.

Even the most bearish of analysts is still cutting FY09 earnings forecasts.

Concerns of an advertising downturn have seen Austereo shares sold off in recent months but both Deutsche and Merrill Lynch see the stock as oversold and have upgraded to Buy ratings.

Rio’s share price is being fluffed up by BHP rumours despite a poor production report.

Credit card debt in February grew at its lowest rate in 13 years and according to CommSec this adds to the evidence enough has been done for the RBA to have finished with interest rate increases.