Daily FNArena News - FYI

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.

Weekly musings from your editor. This week he looks into prospects for share prices of gold and uranium companies.

Long term capital flows into the US rose in April, belying bond price movements. But China has become a net seller.