Daily FNArena News

Why isn’t gold rallying at a time of possible financial market crisis?

If the US mortgage crisis precipitates a significant re-rating of risk assets, is that a bad thing or a good thing?

Again the Dow attempted to post a 100 point rally and again it failed. Precious metals, base metals and oil were all trashed overnight.

As productivity becomes an election issue, CommSec interprets the latest data.

Upgraded earnings guidance from management has seen Merrill Lynch lift its target on Nomad Building Solutions to $3.00 from $2.50, while ABN Amro and Shaw Stockbroking also rate the stock as Buy.

The Dow suffered a 136 point turnaround last night as renewed vigour was met by ongoing mortgage market concerns.

GaveKal Research suggests the weak yen is helping keep inflation in check but will eventually impact on industrial companies around the world.

There was no rate rise from China this weekend but a Fed decision is pending on Thursday.

The Dow fell 185 points on Friday as Bear Stearns activated a US$3.2bn bail-out and the Democrats declared war on the rich.

China has relaxed its foreign investment rules once more, and ticked off the IMF. And there may be a rate rise this weekend.