Daily FNArena News - FYI

Due to technical problems this week’s musings by your editor will be published on Thursday instead of the usual Wednesday.

If the US mortgage crisis precipitates a significant re-rating of risk assets, is that a bad thing or a good thing?

Again the Dow attempted to post a 100 point rally and again it failed. Precious metals, base metals and oil were all trashed overnight.

The Dow suffered a 136 point turnaround last night as renewed vigour was met by ongoing mortgage market concerns.

There was no rate rise from China this weekend but a Fed decision is pending on Thursday.

The Dow fell 185 points on Friday as Bear Stearns activated a US$3.2bn bail-out and the Democrats declared war on the rich.

The biggest US IPO in five years closed after market last night as Blackstone raised US$4.13bn. Some comforting economic data saw Wall Street rise against higher bond yields.

Major US investment banks were frantically trying to head off a collapse in the US CDO market last night. Early warnings were what sent the Dow into a tail spin.

A country-based IT professional responds to our observations on the recent OPEL broadband grant.

A jump in bond yields and a withdrawal of a JP Morgan bid for two hedge funds spooked Wall Street in the last hour of trade.