Daily FNArena News - FYI

According to the latest insights of credit agency S&P the outlook for banks, on a global scale, has seldom been as healthy as today.

Oil price fears transposing into inflation fears saw a trigger-happy Dow Jones down another 200 points overnight.

No need in wasting your time in trying to find a scapegoat for the May correction, global strategist Tim Price says. Investors ought to focus on the way forward instead.

BHP and RIO are named as potential suitors for Alcan, but rumour has it the real target is Alcoa.

Economists’ measures of risk appetite have collapsed left, right and centre either before or during May. Trying to interpret a meaning is the tricky part, as views differ.

The level of global business confidence has surged over 12 months but is now at a tipping point. The global GDP will lose steam, confidence will diminish, but a recession is not on the cards.

Weekly musings from your editor.

Merrill Lynch Investment Management joins the throng in expecting more to come from this correction, but only within an ongoing bull market.

FPA’s latest result contained few surprises. Brokers seem pleased however, were it not that their targets indicate there’s little upside from the current share price.

The public debate about Telecom NZ’s future is raging on. Maybe investors have been a little too negative on the new regulatory regime, but does that make the shares a Buy?