Daily FNArena News - FYI

Housing finance and jobs numbers released this week will give clues as to whether the RBA’s move was a good one.

Barclays Capital suggests the UK government faces a number of issues with respect to meeting future energy needs, with an increased emphasis on nuclear power likely to be the only real solution.

Weekly musings from your editor. If I were a shareholder of Rio Tinto I would have sold my shares today. All of them.

New Zealand is suffering its own drought-like conditions and according to TD Securities this poses some downside risk for economic growth.

The RBA will announce a rate rise on Tuesday, while Europe and the UK have rate decisions to make as well.

Just how much will this week’s Fed rate decision be affected by its belated knowledge of the SocGen debacle?

It was shades of 1995 and infamous rogue trader Nick Leeson when SocGen announced US$7.2bn in trading losses last night of which management had been blissfully unaware.

Morgan Stanley’s recent Macrovision Symposium concluded the US is already in recession and while emerging markets are likely to de-couple the same can’t be said for developed markets.

The Dow bounced last night on news of a possible rescue for US monoline insurers. What’s that all about?

Hopes of a rescue for stricken US bond insurers helped to encourage buyers back into stocks as the Dow turned down 300 into up 300.