Daily FNArena News - FYI

The US Treasury’s rescue of Freddie Mac and Fannie May should help US markets rally, pulling Australian equities along for the ride.

It was inevitable. The US government last night stepped in to take over control of mortgage lenders Fannie Mae and Freddie Mac.

Stocks are bouncing, but down more than up, everybody’s got a different take on rates and Fannie and Freddie, they’re officially a charity case.

State Street notes managed fund flows continue shifting out of emerging markets and into developed markets as investors remain nervous about the future.

The UK economy is arguably now the sickest of the world’s Top Five. It’s housing market has been the first to follow the US into slump. But for some reason the UK banking system seems to be fine.

Weekly musings by your editor. Dear Trish, I think you should read this.

Reporting season finished on a positive and a rate cut is surely coming, but for investors, September, not April, is the cruellest month.

The US dollar rally came earlier than many expected, but CIBC World Markets thinks it may have largely run its course.

The newswires are running hot with talk of global US dollar intervention planned back in March, but it’s hardly news.

While a short-term bounce may come given the Aussie dollar’s recent fall, ANZ is now forecasting a rate of 85c by June next year.