Daily FNArena News

A spectacular result from Amazon headed the positives on Wall Street last night as growing LBO disquiet and very poor housing data reinforced credit market problems. Goldilocks was ahead on the day.

Weekly musings by your editor. Has uranium fallen prey to the revenge of the buyers?

Inflation has again reared its ugly head as the quarterly CPI outcome was stronger than the market expected, leading economists to agree rates seem to be heading higher.

Oil Search reported a poor quarterly production report yesterday and the reaction was cuts to earnings estimates but brokers remain positive given the development potential for its gas assets.

The June headline CPI rose 1.2%, matching consensus.

The Dow was down 227 points last night as America’s biggest mortgage lender reported a 35% fall in profit, and it wasn’t all because of subprime.

A booming Chinese economy might be great news for Australia, but the bigger they are…

It seems the planets are beginning to align once more for those who have had their patience sorely tested – the gold bugs.

Danske Bank suggests conditions remain favourable for the euro against the US dollar and forecasts a move through 1.40 in coming weeks.

Telecommunication service provider M2 has been the first to purchase $5000 worth in carbon credits on the newly established Australian Climate Exchange.