Daily FNArena News

The Dow lost 242 points last night as a nervous market responded poorly to retail sales figures and more hysteria on the sub-prime mortgage front.

Steel prices in Asia are up 5-30% so far this year and Citigroup sees a further 10% upside in coming months thanks to solid demand and tight markets.

The latest ANZ survey into job advertisements in Australia suggests conditions in Australia’s labour market remain tight.

Respected Morgan Stanley economist Stephen Jen attacks a few misconceptions about the power of the yen carry trade.

National Australia Bank’s February Business Survey shows the trend remains towards stronger business conditions, supporting solid growth expectations.

Macquarie analysts believe equity markets actually look stronger than they did a month ago, but elsewhere gold appears to have problems.

Citigroup debunks the argument that Telstra is worth more split into two, while Credit Suisse believes NextG’s competitive advantage is not being recognised.

Macquarie Leisure is one of the few stocks to score a 1.0 reading on FN Arena’s Sentiment Indicator as brokers remain positive on the group’s growth outlook.

Latest figures show strong inflows into managed funds in the December quarter, but uncertainty reigns as to whether the trend can continue at the same rate in coming periods.

Just when it looked like gold would finally break through US$700/oz once more, along came the great risk scare. But there was more to it than that.