Daily FNArena News - FYI

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.

Weekly musings from your editor. What is really pushing up prices of commodities?

The RBA makes its latest decision on interest rates amid a number of economic data releases as the corporate side of the market takes a backseat leading into result season in August.

Commonwealth Bank has updated its views on the economic outlook for 2010, seeing Australia as a solid relative performer and the Aussie dollar as a beneficiary.

Fannie Mae and Freddie Mac last night rolled out 125% loan-to-value mortgage refinancing.

For the bull market to kick on next quarter, US stock market volumes will need to pick up dramatically.

Weekly musings from your editor. Some valuable insights for short term traders, with the help of Dennis Gartman.

The turn of the financial year in Australia promises to be a busy time for global economic data releases.

Any US recovery remains a long process, so the Fed will be in no hurry to lift interest rates, Morgan Stanley says.