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| | | ... "Leading the gains are the banks and heavyweight resources, as usual," Mr Bishop said. "A bit of good news from America last night is obviously pushing this market. "There's a surge of hope... But will it catch from here and go higher? That remains to ... |
| | | | ... toilet paper. Perhaps. If people decide they no longer need power to fire up their computers, their plasmas or their lamps at night. 'We can't quite decide if the world is growing worse, or if the reporters are just working harder.' The Houghton Line ... |
| | | | ... market closed its first trading day after the weekend G20 Summit down by more than 2 per cent. While the magnitude of last night's losses and volatility was benign relative to the daily drops investors have grown accustomed to, Citigroup's announcement ... |
| | | | ... Factor X? Whatever the reason, Wall Street see'd again when it should have saw'ed. US equities surged almost 7 per cent last night despite a plethora of more gloomy news. Below are some of the overnight news headlines reported by Bloomberg., Jobless ... |
| | | | ... billion rescue package would not after all purchase troubled assets had rattled the market. "It's poor again; a terrible night offshore," Mr Wright said. "Markets don't like ambiguity and uncertainty. I'm sure in (Mr Paulson's) own mind he had a pretty ... |
| | | | ... like fire, has a useful purpose but could also be destructive if it gets out of hand. And it has gotten out of hand. Last night, the US Treasury was pushing up the boulder again. The Treasury expanded and changed the terms of the AIG bailout. The original ... |
| | | | ... rate by only 58 basis points after the RBA announcement. Another reason is that lending standards have become tighter. Last night, the Federal Reserve's senior loan officer survey showed that 83.6 percent of banks in the US reported tighter lending standards ... |
| | | | The Australian sharemarket was just over one per cent lower at noon with the major miners weighing on the market following a fall in commodity prices overnight. At 1200 AEDT, the benchmark S&P/ASX200 was down 53.7 points, or 1.34 per cent, at 3947.4 ... |
| | | | ... appease Wall Street yesterday with its 50 basis point reduction in the fed funds rate. But Wall Street climbed again last night following the release of the 'better'-than-expected US real GDP growth. How anyone could put 'better' and economic contraction ... |
| | | | ... to read the way the media interpret the daily movements in the stockmarket. Wall Street rallied almost 11 per cent last night. Here is Bloomberg's interpretation, 'Stocks rallied and the Dow Jones Industrial Average posted its second-best point gain ... |
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