Daily FNArena News

The Dow posted a 92 point rally last night as M&A shouldered aside subprime and Merck posted a good result.

Intersuisse rates Australian Wealth Management as a Buy on the view its underperformance against its peers in recent months is not justified given the forecasts for earnings growth.

Commonwealth Research argues that while the demand side of the economy is pushing higher, the supply side should offset inflationary pressures.

Industry is not waiting around for government action, as manifested once again in today’s opening of the Australian Climate Exchange.

The Australian CPI will be out on Wednesday while the RBNZ will make a rate decision on Thursday.

One poor earnings result set off a jittery Wall Street as funds buying returned to gold and China hiked.

Deutsche Bank’s New York analysts have decided high oil prices are here to stay. There have been some substantial shifts in local target prices as a result.

Macquarie Bank announced a guidance-beating first quarter profit at its AGM. You’ve never seen so few shocked analysts.

As Chinese economic growth continues to surprise on the upside the general view is that interest rate hikes will follow. But when?

Wall Street has decided to like Mr Bernanke’s comments as earnings results again pleased, at least before the bell. Oil, gold and base metals were all strong.