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Buried in the poor first quarter results for Alcoa is the reason why it, Rio Tinto and BHP Billiton remain attracted to aluminium, and why the US economic slowdown won’t have any significant impact on the global market, if at all.

Aussie stocks fell close to 1% today, pulled down by a weak lead from Wall Street and the banking sector.

Australia’s trade deficit hit a record in February thanks to those floods in Queensland which swamped a number of big mines owned by BHP and Mitsubishi, Wesfarmers, Rio Tinto and other producers, and cut coal exports.

Higher interest rates and financial markets turmoil took their toll on the Australian home building industry in February.

The market closed 1% down today following a flat performance in the US markets.

Prime Minister Kevin Rudd has announced a crackdown on short selling and stock lending in an attempt at making domestic financial markets more transparent.

Last week was probably the best trading we’ve seen this year on stockmarkets.

So how did the markets finish the week?

The International Monetary Fund will confirm this week that the US economic slowdown is dragging on world economic growth.

Jobs, earnings and interest rates this week, but in no particular order.

Markets ended flat today amidst a flurry of activity both on the international and local markets scene.

Back to back interest rate rises have affected yet another industry – construction.

Starting today and continuing for the next month we are going to get another round of jottings and forecasts from economists, commentators and others on the likelihood of interest rates rising at the May meeting of the Reserve Bank board.

The MSCI Asia-Pacific Index gained 1.23, adding to Wednesday’s 3.2%.

The AMP is a big player in the sale of superannuation products, but it does know what happens in up and down years.

Across the developing and emerging economies of the world, and in some developed economies for that matter, governments are opting to shoulder some of the burden of higher food prices or control their direction.

The Australian stock market finished slightly up today, with the benchmark S&P/ASX200 Index 10 points higher at 5619.60, while the broader All Ordinaries gained 17.9 points to 5663.7.

Both the World and Asian Development Banks have forecast a cooling in the rapid pace of economic growth in East Asia; forecasts which should be of considerable interest to Australia.

The punters and ‘gold as an inflation hedge’ believers might not like it, but the precious metal is a volatile investment to ride at the moment.

Sharemarkets finished the second day of the second quarter generally upbeat, although Wall Street was a touch easier as investors couldn’t make up their minds about the outlook for the economy.

The Australian share market continued to climb today, gaining as much as 2%.

Yet another property group appears to be in trouble.

New Zealand packaging services company Freightways (FRE:NZX) said today it is to buy the business and assets of National Records Managers (NRM) and Fine Paper Suppliers (FPS) for A$5.9 million.