Daily FNArena News - FYI

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.

Technical selling has been blamed for the rout overnight in base metal prices.

As China buys into a US private equity fund, commentators ponder the wall of money that is set to hit the market now that foreign investment rules have been relaxed in the world’s most populous nation.

It may prove largely symbolic, but trade talks between the US and China midweek will be closely watched in a week otherwise largely devoid of data on either side of the Pacific.

Parts of Australia have enjoyed some winter rains but National Australia Bank suggests conditions remain tough for the agricultural sector and more rain is needed to boost winter crops.

Three billionaires flexed their buying muscles on the Street last night, overriding mixed economic data. A rally in the US dollar saw gold breach the important US$665/oz level.

Weekly musings from your editor.