Daily FNArena News - FYI

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.

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.