Daily FNArena News - FYI

Stronger than expected labour market data in the US have opened the door to further share market gains. On Tuesday Alcoa kicks off the Q2 results season. New record highs, here we come?

The market has rallied strongly since the July/August correction but AMP’s Shane Oliver and market strategists at UBS don’t expect a crash similar to 20 years ago.

Nobody was willing to stick out his neck ahead of Friday’s all-important nonfarm payrolls data in the US. Base metals took a breather, but gold managed to advance.

A warning by Morgan Stanley saw shares of technology companies take a dive, adding to the overall shaky sentiment ahead of Friday’s jobs report.

The British banking system is still in turmoil as cheaper and less overt ECB funds are being sought.

Stock markets finished mixed as housing woes continued and gold took a tumble.

TD Securities sees scope for the Australian dollar to trade at parity or beyond against the US dollar, with Danske Bank expecting the US Dollar to remain weak while the Fed are alone in cutting rates.

All is forgiven. The Dow closed at a new record high last night as Citigroup aired its dirty laundry.

The RBA is expected to leave rates unchanged on Wednesday but it’s still uncertain what the ECB and BoE will do with rates on Thursday.

The Dow closed off the quarter with a small down day.