Daily FNArena News

Barclays Capital notes copper scrap supplies are falling and it expects this trend to limit the global surplus of the metal this year.

Despite a struggling economy, floundering markets and a minuscule interest rate, the USD is likely to stay strong at least into 2H09.

Australian retail sales for the December quarter fell short of market expectations and sees some economists predicting GDP growth will be negative for the quarter.

Ten Network hopes to raise $90m in a non-underwritten book-build. Analysts don’t think the company will.

The Westpac-Melbourne Institute Leading Index was negative for a second consecutive month in December.

According to BT’s chief economist Chris Caton 2009 will go down as a buying opportunity for long-term investors even as economic data get worse.

Japan may be in strife, but Europe is facing disaster.

Residex data continues to point to more slippage in Australian house prices, with the January reading down 0.7%.

Equity brokers have turned enthusiastic about PaperlinX given improved finances and options for the future.

Shareholders are already revolting but analysts see merit in Rio’s Chinalco deal.