Daily FNArena News - FYI

The New Zealand labour market is finally showing signs of weakening, reducing the prospects for further increases in rates.

A Democrat majority in the House and a stalemate in the Senate have not overly affected stocks but the gold market seems to think it means an end to the world’s problems.

Weekly musings from your editor.

As it approaches midnight in Washington DC, the Democrats appear to have swept the House of Representatives, and picked up three of six Senate seats to date.

Election? What election? Another burst of private equity bidding has seen the Dow spectacularly shake off any thoughts of either election or correction.

Tuesday is a big day in Australia, when bets will be placed, fingers will be crossed and nerves will be tested. Oh, and there’s the Melbourne Cup too.

Technically and fundamentally, US equity indices are due for at least a short term correction, while economic data continues to cause concern.

Weekly musings from your editor.

Short term US equities might be running into resistance, but Morgan Stanley sees further growth in the year ahead.

Poor manufacturing and housing numbers have sent the Dow into retreat, while gold shakes off the oil price and reacts firmly to the US dollar.