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Economics

Raging bull in sub-prime abattoir

SUZY MAC  |  THURSDAY, 25 OCT 2007
The offshore-bulls were running rampant overnight, straight into the abattoir as rumours of a huge sub-prime loss for Merrill Lynch proved to be true.

Market Wrap - Morning

AAP  |  THURSDAY, 25 OCT 2007
The Australian stock market has received a negative lead from Wall Street, and from London where metal prices tumbled across the board last night.

Rate reprieve scratch during Cup Carnival?

MICHELLE BALTAZAR AND SUZY MAC  |  WEDNESDAY, 24 OCT 2007
Worse-than-expected CPI figures could crash the Melbourne Cup Carnival, while the Aussie dollar dances to the beat of the rate hike speculation.

Market wrap - midday

AAP  |  WEDNESDAY, 24 OCT 2007
The Australian stock market was stronger at noon, on the back of strong gains in the United States and another fall in the price of crude oil.

Market Wrap - Morning

AAP  |  WEDNESDAY, 24 OCT 2007
The Australian stock market is expected to open higher after a positive lead from Wall Street and modest gains in metal prices.

Market Wrap - Midday

AAP  |  TUESDAY, 23 OCT 2007
The Australian stock market bounced back after yesterday's sharp falls thanks to a strong Wall Street lead, but weak metal prices stymied a big recovery.

The worm turns

SUZY MAC  |  TUESDAY, 23 OCT 2007
Media mentionitis surrounding channel Nine's controversial worm seems to have stolen the limelight from economic aspects of the election campaign, but the latest PPI figures could turn the spotlight.

Market Wrap - Morning

AAP  |  TUESDAY, 23 OCT 2007
The Australian stock market is expected to open higher after a positive lead from Wall Street and a large fall in the previous session.

Market Wrap - Midday

AAP  |  MONDAY, 22 OCT 2007
The Australian stock market remained in the red at noon, following a weak lead over the weekend from Wall Street, which marked the 20th anniversary of Black Monday with a widespread sell-off.

Shut up and drive

SUZY MAC  |  MONDAY, 22 OCT 2007
Consumer demand has driven motor vehicle sales comfortably above the million mark, but while cars are cheaper consumers still feel that petrol prices are taking them for a ride.