Daily FNArena News - FYI

The US, Europe, UK and China all report monthly CPIs this week, while a wealth of economic data may answer some recession questions in the US.

It started on Thursday but was dampened by a misplaced short covering rally. Tech took a dive on Wall Street on Friday as financials tried to hang in. The Dow fell over 200 points.

The Dow bounced back from a 200+ point loss while the tech sector melted overnight. Rio rejected an offer from BHP.

The Dow plunged 360 points last night on a number of issues, the most prevalent being the same old story – financial sector woes.

Weekly musings from your editor. It would seem that institutional investors have started to withdraw some of their funds. Investors may want to consider their strategy ahead of the New Year.

The Dow put on over 100 points as the ever-weakening US dollar sent commodities skyrocketing and there was some buying in the financial sector.

Morgan Stanley analysts want to pre-warn the market that global currency intervention is a looming threat.

Asia called the Dow down 2% yesterday but got only 0.4% last night in another volatile session.

…a supermodel is refusing payment in the currency.

The emergency board meeting on the weekend has resulted in Citi admitting to a further US$8-11bn in write-downs to follow.