Daily FNArena News - FYI

Danske Bank remains positive on the outlook for the global economy over the next 12-18 months, though it sees upside risk to interest rates.

When FNArena speaks, the world listens.

Weekly musings from your editor.

There were no particular industry sectors popping corks last night, and the RBA should not be too concerned. But what else is in store before the election?

The US Dollar is weak against the euro and the British pound and is unlikely to recover soon according to both Danske Bank and SVB Financial Group.

Australia will wait keenly to hear on Tuesday night just what goodies will be handed out, while the US, UK and Europe all make rate decisions.

Investment consultants GaveKal have been asked just what might the upset the current purple patch in global economies and equity markets.

While quarterly earnings were a litle better than estimated, brokers remain cautious on Telecome New Zealand given the uncertainty of regulatory issues.

Hedge funds may now post the biggest risk of a crisis since the 1998 collapse of LTCM, the Fed warns.

Weekly musings of your editor.