Daily FNArena News - FYI

Standard Chartered expects a weaker commercial property sector in the US will also drag on the economy for some time.

Weekly musings from your editor. Australian banks look particularly cheap on a two year horizon, and Wesfarmers absolutely does not.

A survey by lenders mortgage insurance provider Genworth Financial shows owning a property remains the goal of many Australians.

Weekly musings from your editor. The upcoming results season will be a memorable one.

The global downturn has seen US consumers switch from consumption to thrift and Morgan Stanley suggests the trend has further to run.

Westpac has updated its economic outlook for Australia and the other major economies, its numbers suggesting a return to modest growth next year everywhere bar Europe.

Weekly Musings from your editor. I have been trying to determine where the value is on a two year horizon in the share market.

Economic data releases out of China will attract a lot of attention next week given relatively limited releases elsewhere.

The worst of the global downturn has passed and while Australia remains in relatively good shape any recovery here and elsewhere will be slow and fragile, ANZ says.

Inflation is no threat to the US economy at present, according to TD Securities, so the group sees little chance of any interest rate hike for some time.