Daily FNArena News

ANZ Bank suggests the Aussie dollar will move beyond parity against the US dollar in coming months but doesn’t see the strength as last much into 2009.

The July RBA minutes confirm a dovish tone anyway, and a lot has happened in a couple of weeks.

As Toll makes the ultimate capitulation on its Virgin stake, analysts contemplate the pluses and minuses for both companies.

The market sees the British Pound at much lower levels against the US dollar in the year ahead and SVB’s Joe O’Leary couldn’t agree more.

According to Macquarie central banks are likely to lift interest rates modestly to control inflation but such a move would likely further pressure equity markets.

As the US government steps in to save its two sponsored mortgage lenders, one may wonder just exactly what Fannie Mae and Freddie Mac are and why they are so important.

While the US Federal Reserve is becoming increasingly concerned about the inflation outlook the Commonwealth Bank suggests the US Housing market needs to stabilise before a rate hike is considered.

US thrift IndyMac collapsed on Friday as the market focused on Freddie and Fannie. It was the second biggest bank collapse in US history.

CSR scored no less than four brokers upgrades this morning following yesterday’s share price plunge.

The copper market is hearing rumours of a secret stockpile of around 800,000 tonnes of copper in Chinese warehouses but according to Barclays Capital there is little substance to back them up.