Daily FNArena News - FYI

Share markets should be higher in six to twelve months from now. But first come uncertainty, volatility and slower economic growth.

Higher priced oil will keep interest rates high in New Zealand, Commonwealth Bank predicts, this is not positive for the Kiwi economy.

Kiwi insurer Tower has posted a first half result that took everyone by surprise. Should it be re-rated?

Risk appetite has tipped over in March after a five year run up, suggesting the great five year run on risky assets is over.

Prices of shares and commodities fell sharply because investors ran for the exit doors. Global appetite for risk has plummeted from twenty year highs. It will take time to see it recover.

Weekly musings from your editor.

Economists at GSJBW now believe the widely anticipated interest rate cut in New Zealand won’t occur in 2006.

If it wasn’t for North American investors, State Street’s latest gauge of global investors’ risk appetite would have declined in May.

It would appear that a large number of margin calls have been made this morning, leading to forced selling and a lower opening of the local share market.

Last time the markets were rattled by fears about interest rates going up was in 1987. We all know what happened back then. ABN Amro doesn’t think history will repeat itself this year.