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Economics

Equities sentiment still holding up

Despite the sub-prime induced equities turmoil, sentiment to the sector has stayed remarkably robust in both domestic and international markets.

Market Wrap - Midday

AAP  |  MONDAY, 17 SEP 2007
The Australian sharemarket remained flat at noon, with investors treading cautiously as the market awaits the US Federal Reserve's announcement on interest rates tomorrow night.

Market Wrap - Morning

AAP  |  MONDAY, 17 SEP 2007
The Australian sharemarket is expected to open higher today after a strong lead from Wall Street, buoyed by expectations of a Federal Reserve interest rate cut this week.

Market Wrap - Midday

AAP  |  FRIDAY, 14 SEP 2007
The Australian dollar was marginally weaker at noon after a mid-morning rally on the back of renewed demand for the currency out of Japan.

Sub-prime 20/20 hindsight

Alan Greenspan, former Fed chief and financial guru, the man who can rock Wall Street with a throwaway line, has admitted he didn't smell the sup-prime coffee during his tenure as Federal Reserve chairman.

Market Wrap - Morning

AAP  |  FRIDAY, 14 SEP 2007
The Australian sharemarket is expected to open higher today after a strong lead from Wall Street and rising commodity prices.

Market Wrap - Midday

AAP  |  THURSDAY, 13 SEP 2007
The Australian dollar was stronger at noon amid perceptions that confidence was returning to financial markets, particularly global credit markets.

Money can't buy confidence

SUZY MAC  |  THURSDAY, 13 SEP 2007
Consumer confidence has bounced back, after an 8.1 per cent fall last month, to 14.3 per cent above last year's levels and 13.9 per cent above the 20-year average.

Market wrap - Morning

AAP  |  THURSDAY, 13 SEP 2007
The Australian sharemarket is expected to open higher today after a directionless lead from Wall Street and a surging oil price.

Market wrap - midday

AAP  |  WEDNESDAY, 12 SEP 2007
The Australian sharemarket remained in positive territory at noon following a strong lead from Wall Street overnight and rising oil, gold and base metal prices.