Daily FNArena News - FYI

The coming week should provide more news about Centro Properties, but above all a queue of major economic data in Australia and the US will capture the attention of investors this week.

These are testing times for market bulls. US shares continued their three week fall on Friday and the major share index in Australia might be testing critical technical support on Monday.

ANZ Bank and Danske Bank have revised their currency estimates for 2008 and while the US dollar should continue to struggle the yen rather than the Australian dollar is tipped to benefit.

Goldman Sachs has joined the likes of Merrill Lynch in putting the odds of a US recession at 100%.

Weekly musings from your editor. What to buy for 2008? We read the experts and report about their tips and predictions.

Commonwealth Bank has looked ahead to assess what is in store for the world economy in 2008, expecting the US will avoid recession and the Australian economy will again grow solidly.

The Dow managed to rise 38 points despite weak economic data, spurred on by the tech sector. The Nasdaq was up 1.5%.

The Dow lost 25 points in a volatile but thin session last night, following news the Chinese government had bought into Morgan Stanley.

Weekly musings by your editor. What lessons to learn from the Centro debacle and which shares to buy for the new year?

Will the stunning ECB liquidity injection be prove the initiative that finally unlocks global credit markets?