Market wrap - middayBY AAP | MONDAY, 4 JUN 2007 12:51PMAustralian stocks made big gains at noon, with markets hitting fresh all time highs, while investors were feeling confident that inflation is under control and the central bank will not raise interest rates tomorrow. At 1200 AEST, the benchmark S&P/ASX200 Index was ahead 53.4 points at 6386.9, while the all ordinaries firmed 51.7 points to 6414.5. |
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Brian Redican
CHIEF ECONOMIST
NEW SOUTH WALES TREASURY CORPORATION
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