Daily FNArena News - FYI

Tensions are simmering again as the US attempts to block Iranian banks suspected of funding terrorism. In the meantime, India is to get its own gold exchange-traded fund.

The US CPI for August came in at 0.2% rise – half of July’s.

Weekly musings from your editor.

Your editor’s weekly musings will be published on Thursday evening instead of the usual Wednesday this week.

HSBC Has joined the list of those bearish on the US economy, suggesting further weakness in the housing sector will see economic growth slow and potentially lead to a recession.

With even further falls in the oil price overnight, Wall Street is now wondering what all that inflation fuss was about.

The chairman of Exxon-Mobil Australia has debunked the concept of peak oil, suggesting there’s still plenty for everyone. But then I suppose he would.

After Wednesday’s labour figures sparked renewed fears of another rate rise, last night saw evidence of a housing market slowing more abruptly than first thought.

A thin and fickle market was spooked by labour cost figures overnight which sparked profit-taking.

Weekly musings from your editor.