Daily FNArena News

Morgan Stanley has initiated coverage on Paladin with an Overweight rating, seeing positives in improving production and gearing and the uranium price outlook.

Jonathan Barratt of Barratt’s Bulletin highlights the supply impact of miner strikes in South Africa and implications for gold and silver prices.

Another fall in Commonwealth Bank’s Business Sales Indicator shows already cautious Australian consumers are continuing to turn more cautious.

A glance through the latest expert views and predictions about commodities with forecasts and preferences in the sector updated, some positives from China and a review of the tin market.

The Chartist reports that while the Dow Jones Industrials appears to have broken up, confirmation (under Dow Theory) requires the Transports index to follow suit.

Fortescue’s refinance is very positive, analysts suggest, and allows plenty of breathing space without completely removing iron ore price risk.

Market analysts at FXCM note the S&P 500 is trading near a possible reversal point, while the oil price has fallen through a previous support level. Gold and currencies also examined.

BA Merrill Lynch has reinstated coverage on Downer EDI with a Buy rating, attracted to a stronger balance sheet and exposure to diverse markets among the engineering/construction sector plays.

FNArena’s weekly update on short positions in the Australian share market.

While total ad market spending rose slightly in the June half the figures for August showed weak market conditions, prompting JP Morgan to adjust expectations across the media sector.