Daily FNArena News - FYI

Andy Xie is as bearish as usual in cautioning inflation is becoming a bigger problem than most in the markets realise, suggesting policy action needs to be stepped up before its impact is too great.

Oil would have to surge as high as US$120 per barrel to cause a global recession. And the Poms would feel the most pain, at first.

Investors forgot about the war and focused on earnings last night. This time the news was good, so they bought it.

Michael’s contribution to FN Arena’s open forum on internet and news diversity may be just what reader Ted was hoping for.

This week’s Rudi On Wednesday has provoked some interesting responses. Who wants to join the debate?

Here’s one for the tech-lovers, technical analysts and tea leaf readers.

JP Morgan’s rating on St George Bank is a good lesson for less experienced investors.

The world was afraid a nasty CPI would automatically trigger another rate rise from a hawkish Fed, but sighs of relief were heard when Bernanke finally recognised the slowing effect a high oil price is having on the US economy. Wall Street responded accordingly.

Weekly musings from your editor.

Stephen Koukoulas from TD Securities suggests there is now no chance of a rate cut in New Zealand in 2006, with a further increase possible as inflation continues to strengthen.