Daily FNArena News - FYI

Weekly musings from your editor. Written late on Wednesday, but mostly read on Thursday.

A lower than expected PPI figure allowed the US stock market to shake off some of its inflation worries last night.

The supposed ceasefire in Lebanon was sufficient fuel for a morning rally, but inflation worries crept into the afternoon.

Weekly musings from your editor.

That’s not volatility. This is volatility! The Dow managed to rally 77 points in early trade last night before losing the plot and falling 182 points from its high.

After 17 consecutive rate hikes the Fed did what most were expecting – nothing. However, the language suggested this may only be a brief hiatus. Wall Street took profits.

FTTN has supposedly been binned. The latest backward step in the battle between an arrogant telco and an incompetent government.

The Bank of Italy is the latest central bank to show it is switching foreign currency reserves out of the US dollar, suggesting further weakness is ahead for the greenback.

It was a rollicking ride for the Dow last night on mixed earnings reports, but across the Atlantic the Bank of England shocked markets. And there was more.

TD Securities hosted an economic forum on Thursday featuring a key-note address from the chief economist at S&P, and a panel of economic experts. The discussion was nothing if not lively.