Daily FNArena News

The Dow fell 237 points last night to wipe out the illusive, thin air movement on Friday.

A court ruling in Ohio threatens to make the US mortgage crisis much worse than it already is.

Saturday’s election result was not much of a surprise, but what effect will a Labor government have on financial markets?

The US, UK and Europe all release consumer confidence measures this week, while Australia enters a new era of much the same.

According to a business publication in China one of the government funds is poised to launch a USD200bn bid for Rio Tinto.

Monday will show investors whether Friday’s large gains for US equities were warranted or just holiday cheer.

In an abbreviated three and a half hour session, The Dow bounced 181 points.

Commonwealth Bank gave a presentation on its retail division yesterday and with only minor changes to forecasts brokers saw nothing to change their respective views.

The eighth annual LMBA Conference in Mumbai showed participants remain positive on the outlook for the gold price, with an average forecast of more than US$840 per ounce for September next year.

Weakness in the copper price is likely to continue in the short-term, the technical analyst at Barclays Capital noting recent support has now turned to resistance.