Daily FNArena News

A quiet week in Australia, but the US releases various housing market data and the Fed makes a rate decision on Wednesday.

Weekly musings of your editor. Normally on Wednesday, but this week on Friday. Because we are flexible at FNArena and we hope you are too.

A correction in the nickel price is seen likely in coming months as the stainless steel market de-stocks, but prices should remain elevated relative to historical levels.

Expert projections for spot uranium beyond 2007 vary a lot, but everybody seems to agree that things can get a lot hotter in the short term.

Online Media microcap Hostworks is improving its performance and growing earnings, leading Microequities to upgrade the stock to Buy.

Not every expert is equally convinced investing in nickel and copper stocks now is a good idea. But all of them seem to like bulk commodities, and gold.

Following on from the first shortfall in European central bank gold selling in 2006, 2007 has begun even further behind the norm.

St George Bank’s monthly summary suggests the US and not China should be blamed for the recent market corretion, but the Australian market appears healthy enough to ride out much of the damage.

This Friday sees futures and options on share indices and stocks expire simultaneously in the US. Usually the market rallies ahead of the event. Will it this week?

Investors do not need to worry about consumer confidence in Australia. The latest survey by Westpac and Melbourne Institute reveals a confidence level not seen since August 2005.