Daily FNArena News

The TD Securities-Melbourne Institute Inflation Gauge shows higher fuel and rent prices are keeping the pressure on inflation, meaning interest rates may yet go higher.

Mine workers in Peru – the world’s largest silver producer and second largest copper and zinc producer – were set to strike at midnight Sunday.

The world is preparing for an European rate hike as the US Treasury secretary makes a mercy dash to Europe.

Malachite Resources believes it is sitting on a long term silver mine of globally comparable significance.

GaveKal’s risk appetite indicator has turned down once more, indicating liquidity is being withdrawn by investors. This should encourage downward pressure on inflation by itself.

While it has revised lower its earnings expectations for the US market Standard & Poor’s continues to see most sectors lifting earnings this year, with growth stocks preferred.

Danske Bank suggests the ongoing financial crisis and the emergence of inflationary pressures is likely to have an impact on foreign exchange markets going forward.

As the Fed becomes more hawkish, is there a risk that runaway inflation forces central banks across the globe to suddenly start hiking aggressively?

With the chance the US dollar will weaken further after the Fed left rates on hold ANZ sees scope for some profit taking among commodities this week, though any downside is expected to be limited.

Weekly musings from your editor. Three taxi drivers told me this week they are buying banking stocks “for the longer term”. Are there any conclusions we can draw from this?