Daily FNArena News

A higher than expected CPI number dampened the Dow but sent gold soaring 3%.

Weekly musings from your editor.

Majority opinion rates Sims Group a Sell, But Merrill Lynch has switched to a Buy on the prospect of scrap prices enjoying new highs.

A takeover in the US by Vulcan Materials has been pitched at a significant premium to the Cemex bid for Rinker, implying an increase will be needed for it to be successful.

Watch Metabolic shares hitting the earth as its major project is off the table.

ANZ will have to raise its offer if it is to fully acquire E*trade Australia, analysts and experts say. Investors seem to agree.

Wotif.com again delivered a result above market expectations but valuation concerns mean brokers can only justify neutral ratings at current levels.

If everything goes according to plan, fast growing Arasor should produce a profit this fiscal year.

Highly respected technical chartist and author of the Dow Theory newsletter, Richard Russell, has agreed that the gold price should be much, much higher.

Credit Suisse believes precious metals are showing upside potential from here, while base metals may waver before rallying later in 2007.