Daily FNArena News - FYI

Expect another Fed rate hike in July, Morgan Stanley says, and possibly another one in September.

Danske Bank sees another three to six months of focus on negative news flow as energy prices and rising inflation take their toll. Beyond that, Danske’s favoured view is for a resumption in global expansion.

Economists at ABN Amro note that all the corporate profits outside the mining sector and the finance industry have evaporated in Q1. This will have consequences for future investments in Australia, they believe.

With all eyes on the World Cup and traders distracted, Lloyds TSB expects the EUR/USD to take a dip into next week. As for commodity prices, the strength story has been overdone, the economists say.

The RBNZ is unlikely to cut interest rates this year, due to inflation concerns, but analysts question the RBNZ policy.

The global correction is going to last a while. The main thing is not to lose your nerve and to focus on the main themes behind the events, Julius Baer says.

The RBNZ looks unlikely to drop rates in an inflationary environment, so a rally in the Kiwi may be on the cards.

Economists are changing their interest rate forecasts for the US. An increasing number have started to incorporate another hike at the end of this month.

Weekly musings from your editor.

What if you’d just publicly sold your accommodation dotcom for hundreds of millions after six years? Would you sit back and expect to maintain a virtual monopoly? Or would the competition suddenly get fierce?