Daily FNArena News

Capex fell in the September quarter but spending plans remain intact for the future.

Ongoing tightness on the supply side is putting upward pressure on coal prices and analysts have reacted by lifting estimates for coming years.

After Abu Dhabi changed the mood on Tuesday, last night the Fed started hinting at a rate cut. Suddenly the market began looking very short – 331 Dow points short.

Weekly musings from your editor. Don’t give up on this year’s Christmas rally too soon.

Is an Arab rescue of Citigroup a turning point in this credit-crunched market?

An investor briefing next month is likely to see earnings guidance for Asciano lowered to reflect lower rail earnings but broker remain positive on the stock on valuation grounds.

An Arab capital injection into Citigroup has turned the market on its head. The Dow rallied over 200 points.

Recruitment company Candle has cautioned on earnings for the half year following problems in its Lloyd Morgan division but brokers still expect solid earnings growth over the medium-term.

CBH Resources is expected to lift production nearly fourfold in coming years and as a result Shaw Stockbroking sees value in the stock at current levels.

Can the euro still rise much further when the ECB is expected to cut interest rates next year?