Daily FNArena News - FYI

Australian Treasurer Wayne Swan brings down his first federal budget on Tuesday night while the US, EU and UK all learn April CPIs.

Weekly musings from your editor. Banks are pushing valuation limits and resources stocks have reached multiples not seen for years. What is the outlook for this market?

According to Danske Bank the multi-year trend of the US dollar falling relative to the euro is almost over, so it has looked at what emerging market currencies will strengthen with the greenback.

Signs are turning more positive for the US dollar as the Fed is regarded as close to the end of its rate cutting cycle but it remains too early for a sustained rally.

Will Australia get another rate rise on Tuesday?

ANZ Bank’s latest report into the Australian commerical property market shows confidence levels remain high despite the global financial crisis.

The BoE will provide a huge liquidity facility to troubled UK banks under a veil of secrecy.

The Fed makes its rate decision on Wednesday night amidst a wealth of US data and not much for Australia.

State Street Global Markets has released its Investor Confidence Index report for April and it shows a fall back to February levels, indicating a continued lack of confidence in the market outlook.

It’s CPI time in Australia, but unless the number is extraordinarily high consensus still has the RBA on hold in May.