Daily FNArena News

Two weeks after a beauty contest at the Future Fund, which coincided with the broker placing a Buy on Telstra, it has been announced Deutsche Bank has become the Fund’s “preferred advisor”.

ABN Amro has now joined Merrill Lynch in calling a short term Buy in what the analysts see as an oversold BHP.

Weekly musings from your editor.

New Zealand’s trade balance was surprisingly larger than expected in August, but brokers have not changed their view the trend is improving and a soft landing remains likely.

It’s official. European central banks declined to sell their full quota of gold allowable under the Washington Agreement, for the first time in six years.

With the Indian rupee gold price 17% off its highs, Indian and global banks are gearing up for a traditional rush in demand for coins and bars.

Macquarie notes sections of the Sydney economy are struggling with rising unemployment, which if it spreads to other regions raises questions about Australia’s growth outlook.

Renewed confidence is providing momentum as the Dow hits its second highest ever close last night.

Morgan Stanley’s Stephen Roach notes while the BRIC economies have performed well in recent years, global factors may contribute to a shift to underperformance.

Rumour has it Oxiana is on the radar of Zinifex. Where are the foreign majors?