Daily FNArena News

Wednesday’s November ADP employment release triggered a rally on Wall Street but Merrill Lynch’s David Rosenberg warns investors better not get fooled by the surprise -it’ll more likely turn out to be a fairytale.

Both UBS and GaveKal are signalling the possibility of the Japanese stock market finding some strength.

Listed investment company Lion Selection may move to 100% of the Cracow gold mine and ABN Amro expects the company to be re-rated as a miner if it does.

Steel industry consultant MEPS has reviewed the outlook for steel production in coming years and sees China and the former USSR leading the way in lifting global output.

With the ratification of the Bush subprime bail-out plan, the Dow soared another 175 points.

The latest forecast from ABARE suggests commodity earnings will grow by only 1% in FY08.

After yesterday’s GDP figures and RBA statement, economists are beginning to doubt a February rate rise.

Danske Bank suggests the Chinese Government intends to tighten monetary policy further via additional rate hikes, while a currency revaluation cannot be ruled out.

A preliminary private sector jobs number put the cat among the economists last night and the Dow jumped nearly 200 points in response.

Weekly musings from your editor. The RBA predicts global economic growth will be lower next year – good news or bad?