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RBA rate cut?

BENJAMIN ONG  |  TUESDAY, 5 AUG 2008
The Reserve Bank of Australia (RBA) meets today to assess the country's monetary policy settings. Financial markets remain convinced that the RBA will hold rates at a 12-year high of 7.25 percent after its meeting today. However, recent data showing ...

Central bank watch

BENJAMIN ONG  |  MONDAY, 4 AUG 2008
This Week's Market Movers (28 Jul - 1 Aug 2008) Monetary policy comes to the fore this week with the central banks of Australia, the United States, the Eurozone and the UK all meeting to deliberate on appropriate interest rate settings given the growth-inflation ...

AFA education to knock salesman tag

MICHAEL HOBBS  |  FRIDAY, 1 AUG 2008
The Association of Financial Advisers (AFA) finalised the first unit of the Fellow Chartered Financial Practitioner program, an education course it hopes will reduce criticism of the financial advice industry. Speaking at the AFA National Forum in Sydney ...

US growth disappoints

BENJAMIN ONG  |  FRIDAY, 1 AUG 2008
The US equity market's performance continues to be dictated by the inflow of economic indicators during this data-filled week. Australian equities, in turn, dance to its tune. The local bourse maintained its gains at the close of yesterday's trading ...

More Fed pump-priming

BENJAMIN ONG  |  THURSDAY, 31 JUL 2008
The Australian equity market should continue its positive performance today while bond yields should pick up if Wall Street's overnight performance is anything to go by. Wall Street closed higher overnight as an unexpectedly strong US employment report ...

Market Wrap - Morning

AAP  |  THURSDAY, 31 JUL 2008
The Australian stock market is expected to rise for a second straight day after Wall St rallied on positive private sector employment data. On the Sydney Futures exchange, the September share price index futures contract firmed 92 points, or 1.88 per ...

Some Needed Good News

BENJAMIN ONG  |  WEDNESDAY, 30 JUL 2008
... following news that Merrill Lynch will raise US$8.5 billion in a common equity offering after writing off US$5.7 billion due to a sale of asset-backed securities. Similarly, the Case-Shiller Home Price index dropped by a record 15.8 percent in the year ...

Who's next to confess?

BENJAMIN ONG  |  TUESDAY, 29 JUL 2008
The Australian equity market slumped yesterday, dragged down by a sell-off in the Financials sector after ANZ announced increased provisioning for bad debts would hit its earnings. In making the announcement, ANZ Chief Executive Mike Smith said that ...

Market Wrap - Morning

AAP  |  TUESDAY, 29 JUL 2008
The Australian stock market is expected to open sharply lower after Wall St fell two per cent on predictions the worst of the housing crisis was yet to come. On the Sydney Futures exchange, the September share price index futures contract dropped 99 ...

This Week's Market Movers (28 Jul - 1 Aug 2008)

BENJAMIN ONG  |  MONDAY, 28 JUL 2008
Domestic financial market activity will remain cautious this week with sentiment precariously balanced between the weekend's positive US economic news and further NAB-like announcements on the fallout of the US subprime mess on its balance sheet. Top-tier ...