Daily FNArena News - FYI

Westpac suggests rather than overshooting the Australian dollar is likely to strengthen further against the US dollar as fundamentals remain supportive.

US employment data released on Friday was taken as a positive by Wall Street. This week sees local data released which should have a bearing on the RBA’s August rate decision.

It was happening all over the world last night.

A prominent US hedge fund has suspended redemptions and an Italian bank is in trouble.

Weekly musings from your editor. This week the theme is which stocks to choose for the year ahead?

Strong economic data overnight put paid to interest rate rise fears allowing the Dow to rally but causing the US dollar to fall. The Aussie is now testing US$0.86.

Rate decisions are made by the RBA, BOE and ECB this week while the US anticipates employment numbers following a very volatile Friday night session.

The Fed moderated its inflation language while leaving rates unchanged last night, but a 71 point rally in the Dow failed in the end.

Weekly musings from your editor. This week’s story revolves around the end of an era. Of low bond yields.

The Dow pulled back from the brink to pose a 90 point rally last night driven mostly by M&A activity.