Daily FNArena News - FYI

Most major economies have economic data out next week that will provide investors with a greater understanding of current conditions. Westpac is among Aussie companies releasing results.

The market has run sharply since early March but according to Russell Investments Australian equities remain undervalued by as much as 40%.

Analysts at Standard Chartered are closely watching further developments as their risk appetite index has retreated into Neutral territory.

As Western economies struggle with the GFC, China is emerging to challenge US hegemony faster than even China may have thought possible.

Signs are emerging the US housing market has bottomed but in the view of TD Bank Financial Group any recovery in prices is likely to take some time.

Britain’s new budget deficit drives home the severity of the recession in the nation of shopkeepers.

No weekly musings from your editor this week, but Rudi On Thursday will resume as normal next week.

Weekly musings by your editor. Today’s market is all about investor sentiment and less so about economic data or corporate profits.

The US leads the way in terms of economic data releases next week and quarterly production reports continue for Australian mining companies, while Wesfarmers and ANZ Bank will update shareholders.

Weekly musings by your editor. My sequel to Monday’s analysis of head-and-shoulders patterns received a macabre twist on Wednesday.