Daily FNArena News

Poor prices and tough credit conditions are causing mining companies to cutback spending and Barclays Capital notes this will create serious supply side issues once demand returns.

A lack of supply and improving affordability should underpin housing prices in Australia according to ANZ Banking Group.

Next week will undoubtedly see a reaction to Canberra’s new stimulus package, while the outcome of the US auto industry bailout will also be under the microscope.

Predictions for 2009 are flowing in and DBS joins the queue in downgrading its outlook and forecasts for the Asian region.

A survey by Barclays Capital at its Commodities Conference in the US shows professional investors remain committed to the sector.

November labour force data for Australia showed a fall in jobs in line with expectations, but economists see a further weakening as the economic outlook worsens.

For the first time in seven years Chinese exports have fallen raising serious questions about the country’s real economic prospects through this recession.

But not all brokers are convinced.

Economists at the World Bank are dominating global headlines today. No surprise since they called the immediate end of the Commodities Super-cycle.

Another survey, another doomish result. This time it’s the Westpac-MI December survey of consumer expectations for inflation and unemployment.