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| | | So that's why the RBA raised interest rates...again! Australia is an Asian country.The Age reports that "a Lowy Institute poll of Chinese public opinion on world affairs, to be released today, shows Australia is accepted as an Asian nation, with an ... |
| | | | General financial market optimism and momentum defeated the curse of September this year. Recall that on the very first day of September I wrote that, "the line of least resistance is for history to re-assert itself." Id est, worries that September ... |
| | | | The Australian market has received strongly negative leads from the key Wall Street and European indices overnight, and from another drop in the price of crude oil and base metal copper, although precious metals were higher. At 0725 AEST on the Sydney ... |
| | | | Chk, chk, bang! Yes, ladies and gentlemen. Equity markets greeted August the same way it left July - with a bang! One by one the bears are beginning to wave the white flag as the thundering herd forces them back into hibernation. The "Maestro," former ... |
| | | | Water...water everywhere, but not a drop to drink. A thousand and one economic data and indicators were released overnight but all we got is more of the same - green shoots. American and European equities closed stronger last night, this time seeing ... |
| | | | 'Don't stop me now, I'm having such a good time...' Forgive me but this song from the 1970's English rock band Queen keeps playing in my head. You would be humming the song too if you woke up to Wall Street's 2.6 per cent jump overnight - the day General ... |
| | | | It'll be another case of "will they, won't they" today as the Reserve Bank of Australia (RBA) holds its regular monthly Board meeting. Will they, won't they? The RBA lowered the country's official cash rate to an even 3 per cent last month. This represented ... |
| | | | Following last Monday's preview of a financial market pandemonium, there was little doubt in anyone's mind that the US Senate will pass the Treasury's US$700 billion rescue package. The Senate voted 74 to 25 in favour of the Emergency Economic Stabilization ... |
| | | | The latest National Accounts figures gave credence to the Reserve Bank of Australia's decision to lower the official cash rate by 25 basis points to 7 per cent. Australian real gross domestic product advanced by a meagre 0.3 per cent in the June quarter ... |
| | | | This Week's Market Movers (25 - 29 Aug 2008) Last week's economic releases continued the common theme of global weakness and elevated inflation. Financial market activity were once again volatile as thin trading volumes exaggerated downward moves in ... |
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