Daily FNArena News

The market has rallied strongly since the July/August correction but AMP’s Shane Oliver and market strategists at UBS don’t expect a crash similar to 20 years ago.

Nobody was willing to stick out his neck ahead of Friday’s all-important nonfarm payrolls data in the US. Base metals took a breather, but gold managed to advance.

China’s economic growth is slowing, Credit Suisse maintains, and not accelerating as suggested by others. But it is a good thing as it will make growth sustainable.

August housing approval data show no end to the current deficit in supply, leading economists to forecast further gains in house prices and rents.

CommBank expects a structural change in global food markets will keep the pressure on inflation, UBS suggesting retailers are better placed than suppliers to deal with the change.

A warning by Morgan Stanley saw shares of technology companies take a dive, adding to the overall shaky sentiment ahead of Friday’s jobs report.

Australian retail trade data for August came in above market expectations, leading economists to suggest the case for an RBA rate hike in November is strengthening.

The British banking system is still in turmoil as cheaper and less overt ECB funds are being sought.

The gold market’s worst kept secret has again become the stuff of headlines following a seemingly innocuous comment in a Citigroup report.

Industry consultant UxC has followed its peer TradeTech by equally cutting its weekly spot price indicator to US$75/lb.