Daily FNArena News

The Dow recovered from a 128 point fall to close almost unchanged. No, this is not yesterday’s report.

Economists at ANZ have broken the mould and increased their interest rate expectations from one more likely hike to three more hikes. Consider the November one as a given.

Today’s economic data again surprised to the upside. Expect another Chinese interest rate hike, soon.

The Reserve Bank of New Zealand has kept official interest rates unchanged but retains its hawkish view given speculation of a fiscal boost from lower tax rates next year.

Danske Bank suggests market speculation of a revaluation of the Chinese currency is justified as such a move makes sense, even though it is unlikely to occur in the short-term.

The Dow pulled back from a 200 point fall to be “unch” after ridiculous rumours of an “emergency” rate cut circulated Wall Street.

Weekly musings from your editor. Why are experts selling their gold exposure? And will the US dollar continue to weaken further?

There were no upside surprises emanating from the third quarter production reports of BHP, Oxiana, Newcrest and Gloucester Coal. BHP disappointed most.

The long awaited CPI release for the September quarter is out. And the RBA preferred measure suggests a rate hike should follow soon.

The Dow closed up over 100 points led by the tech sector, but those gains were already being given up in the after-market following the Amazon result.