Daily FNArena News - FYI

Today may not be the day for Rio to close over $100, but it will be BHP and nickel stocks that will cop the brunt.

BIS Shrapnel has released its “Residential Property Prospects 2007 to 2010” report that suggests Brisbane will show the strongest pricing growth while WA prices will fall modestly.

The CPI failed to frighten in the US on Friday as both the US and Australia look ahead to housing data this week.

US core PPI was only up 0.2% in May. Now for the CPI.

This week’s musings include a way to make some last minute profits out of Rinker.

The Dow posted its biggest rise in eleven months last night as retail sales surprised and bond yields eased – slightly.

The BIS has warned the soaring level of debt in corporate buyouts is the harbinger of a default crisis should rates rise further.

The US has experienced two days of solid wheat price gains following crop news from the Ukraine and wet weather in Kansas.

US bonds bounced back over 5.25% last night putting the frighteners through Wall Street once again. Nickel found a vacuum.

It’s been a common mantra for a couple of years now, but predictions of the inevitable collapse of the world’s reserve currency are gaining currency in all corners of the globe.