Daily FNArena News

No longer content to simply park its US$1 trillion of foreign currency reserves in safe US Treasuries, China is looking to diversify and profit. This is not good news for the US dollar.

Another week of important US data this week follows Friday’s comforting non-farm payroll number.

Strengthening demand and potential supply side disruptions support the view of the Commonwealth Bank and Barclays Capital the oil price has further to run.

Excusez le mot, but an order half the marketcap for one of Australia’s listed telecom companies deserves the term ‘mega’, doesn’t it?

Citigroup analysts attended the broker’s annual Australia-New Zealand conference in London. FNArena was happy to cherry pick from their reports.

Molybdenum gains when steel markets are strong so its fundamentals look solid this year, though China is the swing factor in terms of the supply-demand balance.

The Reserve Bank of New Zealand has again lifted interest rates, but this is likely to prove the last hike in the cycle.

Cyclone George has forced ERA to declare force majeure on sales contracts and a tight uranium market will become even tighter, placing further upward pressure on the spot price.

Weekly musings from your editor.

Australia’s GDP for the December quarter was almost double expectations, leading economists to suggest the RBA will continue with its hawkish stance on official interest rates.