Daily FNArena News

Weak jobs data set the market off again as a US mortgage lender went under and Bear Stearns fuelled the pessimism.

Barclays Capital expects lead prices will re-test recent highs and remain strong in the medium-term thanks to a structurally tight market.

Commonwealth Bank economists agree with TD Waterhouse’s Koukoulas the RBA is likely to add 25 basis points to the official cash rate next week.

Was Downer EDI management conservative with the truth, deluded or incompetent? Legacy contract write-downs slash earnings as the CEO throws himself on his sword.

The Dow posted its second consecutive rally last night – the first time it has put two up-days together in three weeks.

Data#3 has lifted earnings guidance and extended its buyback so Intersuisse has retained its Buy rating on the stock.

TD Waterhouse’s Stephen Koukoulas believes investors better not bet on an anxious RBA leaving interest rates unchanged at the August meeting.

Alumina may have delivered a result in line with guidance but it was guidance management had previously revised lower as costs continue to impact on earnings.

Wall Street traders could be forgiven for feeling nauseous at day’s end following a session dominated by extreme volatility, culminating in a strong rally in the final twenty minutes.

Weekly musings by your editor. Is the cancer within the global financial system to bring a bear market upon us?