Daily FNArena News - FYI

The Dow closed above 12,000 for the first time last night as profit season took the limelight from otherwise confusing economic data.

Weekly musings from your editor.

News the Russian Central Bank is to buy yen to diversify its foreign reserves is likely to be a positive for the Japanese currency.

SVB Financial Group and Credit Suisse expects further US dollar strength in coming months as market conditions remain supportive.

Shaking off yesterday’s blues, Wall Street powered ahead on favourable reporting featuring retailers and tech stocks.

Weekly musings from your editor (with apologies for the delay).

Port Of Tauranga shares rose strongly yesterday after the company revealed merger discussions with Port of Auckland, though regulatory issues pose a threat to any deal being approved.

The third quarter reporting season has kicked off with a bit of a fizzer, and the Fed is still spouting hawkish rhetoric.

North Korea reignited the Cold War this week, and no one in the markets cared less.

Reader James Ward assesses the peak oil discussion. And invites others to join in. (Re-published with amended quote ExxonMobil)