Daily FNArena News - FYI

Due to a busy meeting schedule today Rudi On Thursday will be published tomorrow. So will this month’s edition of the Australian Super Stock Report.

Professor Nouriel Roubini maintains a firm conviction the market might be too optimistic in its current approach to US economic developments. He sees a strong similarity with 2000-01. Back then reality proved the market wrong. Is history about to repeat?

The RBNZ has held official interest rates steady as inflation pressures are easing, though any cut to rates is still seen as some way off.

The Fed stayed on hold last night as the battle between a slowing economy and inflation suggests a stalemate on rates.

Weekly musings from your editor.

When was the last takeover frenzy? When were banks last climbing over each other to lend? When was the last big media consolidation? Answer: 1986.

The dollar is up, the oil price is down, profits continue to surprise and Wall Street is lovin’ it.

ANZ Bank expects the Australian dollar will strengthen against the yen and US dollar as inflation data due this week is likely to support a further increase in interest rates.

Fairfax is the jewel in the crown of Australian media, and brokers do not think valuation multiples will stand in the way of a bidding war.

This week sees the release of inflation data in Australia and New Zealand, with a rate decision to be announced in NZ on Thursday, and in the US on Wednesday night. T3 is open to retailers today as well.