Daily FNArena News

Chinese zinc exports are expected to drop off in the near term but substitution is rife in the nickel market.

The most important event on the local calendar this week will be today’s RBA Statement on Monetary Policy.

News Corp met expectations with its quarterly earnings result, brokers remaining positive on the stock and increasingly positive their earnings growth forecasts can be met.

National Australia Bank briefed the market on its wholesale banking operations yesterday but brokers came away less than excited about the division’s outlook.

The Russian Central Bank has responded to the weak USD by reducing the currency’s weight in its operational FX basket.

Natexis Commodity Markets suggests gold is not the only previous metal with a bullish outlook, suggesting there is still upside in silver and the platinum group metals.

Talk appears to have turned into action according to the latest IMF statistics.

Westpac Bank agrees with ANZ Bank that commodity prices will be volatile this year but has taken a far more negative view on the price outlook, expecting increased supply to drive down prices.

Weekly musings from your editor.

GaveKal is forced to admit its previously bearish view on oil is under threat.