Daily FNArena News

Stephen Roach of Morgan Stanley argues the US remains at risk of recession and this will drag down global growth as the de-coupling argument is a fundamental contradiction.

While the gold price slid last night and further volatility is likely short-term, technical chartists at Barclays Capital suggest the longer-term uptrend remains intact.

AGL has wasted no time in dismissing CEO Paul Anthony following the extraordinary downgrade. What now?

It was a return to August-style trading last night as the Dow pulled back from the brink to post a 45 point gain. A bounce in the US dollar saw commodities heavily sold.

The odds seems in favour of a stronger than expected CPI figure for the September quarter later this week after a stronger than expected PPI release today.

BCA Research suggests assets managed by sovereign wealth funds will grow from US$3 trillion to US$13 trillion in a decade.

The IMF is rapidly losing all sense of credibility and the G7 finance ministers failed to even mention the US dollar in their statement following last weekend’s meeting.

Credit Suisse likes the outlook for gold longer-term but sees potential for silver and platinum to outperform shorter-term as they play catch up to gold’s recent gains.

The RBA will meet on Cup day to decide upon what many feel will be a rate rise. The clincher will be the CPI data released on Wednesday this week.

On the 20th anniversary of the crash of 1987, the Dow celebrated with a 367 point fall.