Daily FNArena News - FYI

The Fed raised its discount rate after the Wall Street close, sending Dow futures tumbling.

Weekly musings from your editor. Be careful when jumping on “buying opportunities”, the outlook might be less rosy than you would like it to be.

Weekly musings from your editor. I think it’s best to copy the RBA: gentle and cautious, while watching further developments is best.

The potential default of Greece is one thing, but Spain’s is a much, much larger economy. Is Europe heading towards an uncontrollable contagion?

Just a few months ago market commentators were confident the worst was behind us, but there is growing caution as the reality of recovery sets in.

Last month President Obama made an uncharacteristically visceral attack on US banks, pledging to shake up the industry with extensive reforms, and thus sparking a Wall Street sell-off. What’s Wall Street’s problem? And how might it affect Australia?

As fast growing emerging nations continue to industrialise, the decade ahead should see higher global growth.

Weekly musings from your editor. Don’t underestimate what is happening in risk markets: a trend has come to an end.

While it’s true that the eurozone’s public finances are under a lot of pressure, Greece, Portugal, Spain, Ireland and Italy are stand outs.

Weekly musings from your editor. Financial markets are starting to struggle with valuation limits. Do we correct? Or do we switch first?