Daily FNArena News - FYI

ANZ Bank notes the appetite for risk is returning to global markets as credit spreads narrow and equities push higher.

CommSec has found almost perfect correlation between Australian and Canadian shares since 2003, so the recent rally in Australian equities may signal relative underperformance ahead.

CPI numbers are in for Europe, the UK and US this week amidst a wealth of US data but very little locally.

The Dow put on 78 points as retail sales surprised and M&A came back.

Both friends and foe are turning into US dollar bears post the Fed rate cut from last month. All of a sudden the Aussie at parity doesn’t seem so far off anymore.

The Dow fell 248 points from its high to its low last night, finally settling down 63, as a tech sell-off revealed growing nervousness.

Mixed third quarter profit reports affected a mixed day on Wall Street.

Weekly musings from your editor. This week: has spot uranium finally bottomed?

Wall Street managed to convince itself last night that the month-old Fed minutes foretold of further rate cuts ahead. Aye caramba.

The US economy will definitely slow, suggests GaveKal, but there are no signs a recession is imminent.