While neither club have set the league on fire so far this season, there have been encouraging signs for both the red halves of Liverpool and North London. The Arsenal defence has been really solid, while Liverpool have created plenty of chances.
This encounter gave Liverpool the opportunity to eradicate costly individual errors and Arsenal the chance to end the goal drought.
Wenger dropped Gervinho in favour of Oxlade-Chamberlain, while Liverpool fans gained their first sight of loan signing Nuri Sahin.
The first 20 minutes were cagey but half-chances fell to Borini, Agger and Suarez.
Jenkinson lacked composure early on in the Arsenal defence, giving away possession cheaply, while Mertesacker seemed on edge and was yellow carded for an industrial challenge on Suarez.
Liverpool's biggest threat came in the diminutive form of Sterling. He showed no fear in taking on the Arsenal defence but like the rest of the Liverpool attack, he lacked the cutting edge required.
On 30 minutes, Gerrard gave away the ball just outside the Arsenal penalty area. Cazorla found himself in space for the first time in the game and powered upfield. Podolski was tracking him in the inside left channel and pounced on a perfectly weighted pass to steer the ball to the left of Reina.
Liverpool rallied but Sterling was only able to find the outside of the post, with a good effort.
In the second half, Diaby, Cazorla and Arteta took a vice-like grip of the game.
Diaby produced some lung-bursting runs and found himself space in the middle of the park. Arteta was again solid in his new role of defensive midfielder, while Cazorla supplied the lion's share of artistry in midfield.
Gerrard on the other hand, seemed tired and sloppy in his play, regularly giving away the ball.
Downing was brought on to add steel and his presence did give Liverpool an extra dimension in attack but the Arsenal defence was resolute.
Gibbs and Cazorla both had chances before the influential Cazorla exchanged passes with Podolski then beat Reina at his near post with a stinging shot on 67 minutes.
This should not have been the end of the game but Liverpool's self-belief had by now vanished.
Giroud should have scored with his head on 82 minutes but apart from a vicious shot by Shelvey on 89 minutes, Liverpool had to content themselves with watching the Gunners play keep ball.
This was a classy and steely performance by Arsenal but Liverpool will need to improve defensively and find a cutting edge up front, if they are to improve.