Daily FNArena News - FYI

There will be no immediate oil price relief from increased Saudi production, leaving the Fed with a difficult rate decision on Wednesday.

Weekly musings by your editor. The world is changing and so are investment views. Overall risk appetite has become the main victim.

The RBS has advised clients to brace for a fully-fledged crash in global stock and credit markets in the next three months.

A divergence of monetary policy between the Fed and the ECB is threatening the very existence of the euro as a currency.

Having been in an uptrend for the past 25 years Macquarie suggests there are a number of issues likely to now weigh on global corporate profit growth.

The latest report by BIS Shrapnel suggests limited gains in residential property prices are likely in FY09, though the market should then improve through to FY11.

The weekend has brought about an apparent capitulation on oil production from the Saudis. The US has some more data to mull over this week while it’s pretty quiet in Australia.

AMP’s Dr Shane Oliver expects oil will hit US$200 per barrel in coming years while suggesting stronger oil prices increase the risk of recession both in Australia and globally.

The Investment Policy Committee at Standard & Poor’s has revised lower its year-end target for the US market to 1,490 on the S&P500 Index but still suggests a stronger second half performance.

Weekly musings from your editor. Oil priced at US$130 per barrel is not good news. Ignore this message at your own peril.