Daily FNArena News - FYI

A raft of diverse economic data this week should give a good indication of just how the Australian economy is performing, while no RBA rate change is expected on Wednesday.

TD Securities doesn’t expect it but global strategist Stephen Koukoulas offers a number of reasons why US rates may go higher before going lower.

The prime minister will release details of the findings of his task force on carbon trading this morning, but early indications are pretty pathetic.

At 0.6%, US GDP growth in the first quarter proved the lowest advance since the last quarter of 2002 when the US was recovering from a recession.

A fall in the Chinese market sparked a lower opening but interest rate speculation ultimately drove the S&P to its first record since the tech wreck.

Weekly musings by your editor.

A report by ANZ Banking Group suggests the gains in the commercial property sector in recent years don’t represent a bubble and the strong conditions should continue for the medium-term.

After a quiet previous week the US will receive a flood of economic data this week while Australia will see some interesting numbers released as well.

Arthur and Martha were at it again last night, as it gradually dawned on traders that good news may not have been such good news after all.

Weekly musings from your editor.