Daily FNArena News

The Dow was once again positive as traders set for a rate cut on Wednesday.

Paladin has advised production will not meet previous estimates and brokers have revised forecasts accordingly, while views remain mixed as to the stock’s outlook.

OPEC wants to switch to a basket of currencies while Gulf states are concerned about their greenback pegs.

China is encouraging its banks to take stakes in foreign institutions, while over in Africa China’s resource interests grow.

Xstrata has launched a takeover offer for nickel producer Jubilee and this is likely to trigger share price increases throughout the sector today, analysts say.

There is a wealth of US economic data being released this week but it will all be overshadowed by one number – that of the Fed funds rate after Wednesday night.

There was no bad news on Wall Street last night to recover from, so the Dow just went up. Gold took off as well.

It looked like Japan was about to drag itself out of a decade of deflation, but no more. The Aussie gets a green light.

The Australian economy is strong enough to withstand a US slowdown, while further Fed action should limit the extent of any slowdown according to CommBank.

The Santos quarterly disappointed the market not so much on production but on revised guidance and higher tax, so earnings and ratings have been cut as a result.