MARKETS

FNArena Book Review: Taming The Beast

By Rudi Filapek-VandyckThe first thing that comes to mind when reading "Taming The Beast. Wall Street's imperfect answers to making money" by former WSJ editor Larry Light is how recent most modern aspects of the global financial sector are that most of us today would take for granted.

Iron Ore Weakness Clouds OneSteel Outlook

- Weaker iron ore prices impact on OneSteel's earnings- Brokers cut estimates and price targets- Lower earnings increase debt covenant risks- Ratings downgraded to reflect uncertain outlookBy Chris ShawManagement at OneSteel ((OST)) yesterday downgraded 1H12 earnings guidance, indicating net pr...
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The New Steel Silk Road

By Richard (Rick) MillsAs a general rule the most successful man in life is the man who has the best informationThe Silk Routes, collectively known as the "Silk Road", refer to a 7000 mile network of interlinking trade routes that were used for three millennia.

Get Set For Positive News From Karoon

- Karoon quarterly suggests Browse and Santos projects may be delayed- Delays are timing issues so not a major problem for DJ Carmichael- Ratings on Karoon remain positive given upside potentialBy Chris ShawFor Karoon Gas Australia ((KAR)), the key elements of the group's quarterly production r...

Transpacific Restructuring Attracts Stockbroker Upgrades

- Transpacific refinancing removes a headwind- Company should benefit from improved management focus- Goldman Sachs upgrades to a Buy ratingBy Chris ShawTranspacific Industries ((TPI)) has undergone significant changes since 2009, with a new chairman and senior management team and new governance fun...

Uranium Goes Nowhere In A Hurry

By Greg PeelEarly last week uranium market participants gather in Arizona for a Uranium Fuel Seminar and such conferences have a tendency to remove players from the market.

Can The Markets Be Kind To Macquarie?

- Macquarie's result weak but no shock- Costs, staff and divs cut but is it enough?- Stock well leveraged to market improvement- Inexpensive but is it time to buy?By Greg Peel"Following the release of the European financial package," declares Goldman Sachs' equity strategy team, "we believ...

RBA Rides A Winner

By Greg PeelThe RBA has not waited around to see the final detail of the European resolution plan, probably figuring that a weak response from global markets would warrant a cut anyway.

Environment Conducive To Further Gold Price Gains

- Some similarities for gold market between 2008 and now- Barclays sees a number of factors as supportive for the metal- Positive backdrop suggests further gains are likelyBy Chris ShawIn late September the gold price fell by 10% in just four trading sessions, a price movement Barclays Capital notes...

Rio Tinto Explores Nigerian Market

Rio Tinto, along with 10 other Australian companies, have been made part of an Australia-Nigeria Trade and Investment Council to look into possible investment opportunities in Nigeria's mining, agriculture and financial services sectors.

Updates: Good NAB Profit, Weak WOW Sales

A record profit from the National Australia Bank and a higher dividend, supporting the bank's go it alone strategy and trying to make itself different from its peers.

Problems With Computer Price Estimates

Free to consumer price estimates are popular tools in North America, but they are not without problems. In the coming year or two we expect to see automated valuation modelling being used more widely in Australia - offering either existing or new portal entrants a way to stand out in a rather tough online marketplace.

Global Steel Prices Impacted By USD

- A stronger US dollar has been impacting on steel prices- MEPS suggests greenback strength could impact on pattern of world trade- Impact of stronger US currency anticipated to continue into 2012By Chris ShawThe average Hot Rolled Coil price for BRIC countries as calculated by steel industry consul...

Market Insight: Investing Is Forecasting

Is the Eurozone still facing a recession? Should the US economy still be ok? And what about companies in Australia?FNArena's Rudi and Greg will discuss and shine some light on all these issues, plus more under the general theme for today's broadcast of "Investing = Forecasting".

Iron Ore Falls Anew

Benchmark spot iron-ore prices crashed deeply on Tuesday to its lowest level since July 2010 by a substantial 7.2 per cent fall - the biggest one-day drop in more than 26 months - to $128.50 a tonne. For over six weeks now, iron ore prices have been falling by more than 30 per cent.

Gold Hits $1,700

Gold futures hit $1,700 an ounce on Wednesday after reaching almost 3 per cent in the previous session as investors and global markets await results if the eurozone leaders can indeed come up with a credible plan to end the euro zone debt crisis at a summit later in the day

Copper Futures Down After 2-Day Strong Rally

Copper futures' strong two-day rally faced yet again a blank wall as hopes that Eurozone leaders will meet Wednesday to discuss and plan for a strategic action to curb Europe's debt crisis was cancelled at the last minute.

ResMed Has Become A Post FY12 Story

- ResMed quarterly falls short on flow generator sales- Company exiting less profitable market segments- Stockbrokers cautious as move may impact on top line growth- Opinions on ResMed remain dividedBy Chris ShawSleep disorder group ResMed ((RMD)) lifted 4Q sales by 12% to US$315 million but this re...

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