Daily FNArena News - FYI

US government officials are in China trying to find investors for troubled US mortgage securities.

UBS addresses a growing belief that global food prices are set to make a significant secular shift that will have significant ramifications for global inflation.

Australia is virtually devoid of data releases this week while it’s all happening across the Pacific, where the CPI release will be the highlight alongside earnings releases.

The Dow has posted one of its most extraordinary sessions ever rising 284 points largely on the back of retailer earnings reports.

An examination of the current bull and bear arguments on Wall Street.

The Dow bounces back 76 points as bond yields rise again? The subprime scare has caused a strange misalignment of the planets as Wall Street results season gets into full swing.

Weekly musings from your editor. The Aussie at parity with the US dollar? It’s not as unthinkable as it might seem.

The Dow fell 148 points last night as bullish faith in the American consumer took a hit and S&P and Moody’s began moving in on the sub-prime mortgage market.

The Australian dollar is at long-term highs against the US dollar but according to ANZ Bank conditions remain supportive and further gains appear likely.

Mugabe has rounded up and arrested 1300 shopkeepers. Clearly they are the source of Zimbabwe’s inflation problem.