Daily FNArena News

ANZ’s monthly survey shows job ads in December surged to a seven month high.

The TD Securities/Melbourne Institute Monthly Inflation Gauge for December again surprised to the upside.

The coming week should provide more news about Centro Properties, but above all a queue of major economic data in Australia and the US will capture the attention of investors this week.

These are testing times for market bulls. US shares continued their three week fall on Friday and the major share index in Australia might be testing critical technical support on Monday.

Base metal prices have started the new year strongly but with continued concerns over global economic growth Barclays Capital doesn’t expect the trend to continue shorter-term.

ANZ Bank and Danske Bank have revised their currency estimates for 2008 and while the US dollar should continue to struggle the yen rather than the Australian dollar is tipped to benefit.

Goldman Sachs has joined the likes of Merrill Lynch in putting the odds of a US recession at 100%.

Weekly musings from your editor. What to buy for 2008? We read the experts and report about their tips and predictions.

Steel industry consultant MEPS anticipates continued strong global demand growth for steel in coming years, driven by Asia and emerging regions such as South America and the former USSR.

MicroEquities sees strong earnings growth for Clover Corp and has initiated coverage on the stock with a Buy rating and a price target suggesting around 40% upside.