Daily FNArena News - FYI
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Wall Street Falls On Credit, Oil
Oct 17 2007
US regional bank earnings reports reflected ongoing credit market concerns last night as oil pushed ever upward.
Credit Ghosts Spook Wall Street, Oil Surges
Oct 16 2007
The Dow fell over 100 points last night as Wall Street was reminded the credit crunch hasn’t gone away. Global tensions drove oil higher.
Risk Returns To Favour
Oct 15 2007
ANZ Bank notes the appetite for risk is returning to global markets as credit spreads narrow and equities push higher.
Oz Equities About To Underperform Canadian Stocks?
Oct 15 2007
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.
The Week Ahead: Inflation in the US And Europe
Oct 14 2007
CPI numbers are in for Europe, the UK and US this week amidst a wealth of US data but very little locally.
Retail Sales, M&A Lift Wall Street
Oct 14 2007
The Dow put on 78 points as retail sales surprised and M&A came back.
George Washington Turns Into Nigel No-Friends
Oct 12 2007
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.
Nerves Hit Wall Street
Oct 12 2007
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.
US Reporting Season Arrives
Oct 11 2007
Mixed third quarter profit reports affected a mixed day on Wall Street.
Rudi On Thursday
Oct 10 2007
Weekly musings from your editor. This week: has spot uranium finally bottomed?
