Daily FNArena News - FYI

Weekly musings from your editor. The RBA predicts global economic growth will be lower next year – good news or bad?

It was another soft night on the Street, spurred on by broker downgrades across the financial sector.

Danske Bank suggests recession fears in the US will bring rates down 0.75%, while the EU will follow the US as growth slows down short-term but picks up later in 2008.

The Dow gave back 57 points in quiet Monday trade.

Barclays Capital’s monthly analysis of seasonal trends shows the December rally in equities is not just a myth, while aluminium prices generally perform and the euro gains.

Australia, New Zealand, Canada, Europe and the UK all make rate decisions this week, while a raft of US data may determine the Fed’s decision for next week.

The US Treasury reveals plans to freeze reset mortgages as the Dow posts up-day number four.

GaveKal’s analysis of its own sentiment indicators suggests the US stock market is technically oversold.

Ben Bernanke suggested that economic data releases between now and December 11 will determine whether the Fed cuts or not.

The Dow did not race up again last night but nor did it race down.