Daily FNArena News - FYI

The Dow rallied 100 points last night despite another big subprime write-down – this time from UBS.

Fed rate decision.

At 94,000, US jobs growth found an equilibrium point that resulted in a flat close on Wall Street.

Wednesday’s November ADP employment release triggered a rally on Wall Street but Merrill Lynch’s David Rosenberg warns investors better not get fooled by the surprise -it’ll more likely turn out to be a fairytale.

With the ratification of the Bush subprime bail-out plan, the Dow soared another 175 points.

A preliminary private sector jobs number put the cat among the economists last night and the Dow jumped nearly 200 points in response.

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.