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Economics

Market Wrap - Midday

AAP  |  TUESDAY, 7 OCT 2008
Australian stocks were lower at noon as the market anticipates an interest rate cut by the Reserve Bank of Australia this afternoon, and after heavy losses on Wall Street.

Fed on Zero Interest Rate Policy?

BENJAMIN ONG  |  TUESDAY, 7 OCT 2008
Taking lessons from the past, a shock response from the world's major central banks in the form of big interest rates reductions - in the order of say 50-100 basis points each time - might assist reducing the magnitude and length of the coming recession ...

Market Wrap - Morning

AAP  |  TUESDAY, 7 OCT 2008
The Australian share market is set to fall at the open after world stock markets plummeted on Monday as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis.

Market Wrap - Midday

AAP  |  FRIDAY, 3 OCT 2008
Australian stocks were lower at noon, as nervous local investors await the outcome of tonight's US House of Representatives vote on a new version of the $US700 billion ($A888 billion) bailout of the financial markets.

Rescue package YES, economy NO

BENJAMIN ONG  |  FRIDAY, 3 OCT 2008
The rescue of the rescue package may be able to contain further volatility in the financial markets but now we face deteriorating economic fundamentals.

Market Wrap - Morning

AAP  |  FRIDAY, 3 OCT 2008
Local stocks may trade lower today after US equities markets fell by close to four per cent, while Europe suffered less but also was in the red.

Market Wrap - Midday

AAP  |  THURSDAY, 2 OCT 2008
The Australian stock market was lower at noon, shortly after the US Senate approved the Wall Street bailout package.

Rescuing the rescue package

BENJAMIN ONG  |  THURSDAY, 2 OCT 2008
The Financial Standard Intelligence Unit (FSIU) remains hopeful that the package will ultimately be passed. But it better be soon because the longer it is delayed the faster the global economic and business environment deteriorate.

Market Wrap - Morning

AAP  |  THURSDAY, 2 OCT 2008
Australian stocks have received a flat lead today, with Wall Street markets finishing slightly down, including stocks and oil, although gold and silver were higher.

Market Wrap - Midday

AAP  |  WEDNESDAY, 1 OCT 2008
The Australian stock market remained in positive territory at noon, led by strong gains in resources and a recovery in the financial sector.