Daily FNArena News

The RBA’s target cash rate remains at 6.50%.

Stock markets finished mixed as housing woes continued and gold took a tumble.

Where is the bottom for spot uranium? It’s not at US$85 as TradeTech cut its spot price indicator by another US$10 to US$75/lb.

Morgan Stanley sees signs policymakers in China are turning more hawkish, which suggests further increases in interest rates and a stronger currency by the end of the year.

Traditionally gold has moved in step with US interest rates given its role as an inflationary hedge but China’s emergence provides additional support for the metal.

TD Securities sees scope for the Australian dollar to trade at parity or beyond against the US dollar, with Danske Bank expecting the US Dollar to remain weak while the Fed are alone in cutting rates.

All is forgiven. The Dow closed at a new record high last night as Citigroup aired its dirty laundry.

The RBA is expected to leave rates unchanged on Wednesday but it’s still uncertain what the ECB and BoE will do with rates on Thursday.

One of the more highly anticipated IPOs for the final quarter of 2007 is living up to expectations closing three weeks in advance and heavily oversubscribed.

The Dow closed off the quarter with a small down day.