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Economics

The price of pain

SUZY MAC  |  MONDAY, 13 AUG 2007
Nothing like a good cash injection to stabilise ailing equity markets, or in the Bank of England's case, offering the patient a drip…at a price.

Market wrap - morning

AAP  |  MONDAY, 13 AUG 2007
The Australian market is expected to suffer further declines when it opens this morning, though not of last week's magnitude.

Market Wrap - Midday

AAP  |  FRIDAY, 10 AUG 2007
The Australian share market remained sharply lower at noon, after being dragged down by a US market still racked with fear about the fall out in the US sub-prime mortgage sector.

Liquidity evaporates

SUZY MAC  |  FRIDAY, 10 AUG 2007
The sub-prime mess has washed up on European shores, where losses swept through all 18 western European markets and caused a backwash that wiped out more than half of the U.S. markets' three-day recovery.

Market wrap - morning

AAP  |  FRIDAY, 10 AUG 2007
The Australian market is set to plunge in trading today, following the dramatic falls on Wall St. At 0738 AEST on the Sydney Futures Exchange, the September share price index was down 157 points to 5,994 on a volume of 5,180 contracts.

Market wrap - midday

AAP  |  THURSDAY, 9 AUG 2007
The Australian share market continued to climb at noon, buoyed by stronger international markets including the US, but held back slightly by yesterday's interest rate rise.

The upside of carnage

SUZY MAC  |  THURSDAY, 9 AUG 2007
Is the current sub-prime calamity really another savings and loan crisis in the making, or just market noise?

Market wrap - morning

AAP  |  THURSDAY, 9 AUG 2007
Australian stocks will continue to climb in early trading, if the Futures are a guide, buoyed by stronger international markets and shaking off yesterday's interest rate rise.

Market Wrap - Midday

AAP  |  WEDNESDAY, 8 AUG 2007
The Australian share market continued its upward charge at noon, taking an interest rate rise in its stride, as a strong lead from Wall Street and higher commodity prices helped stocks recover some of last week's big losses.

Rate hike to launch dollar?

SUZY MAC  |  WEDNESDAY, 8 AUG 2007
Higher inflation has proved too hot to handle for the Reserve Bank board who increased the cash rate by 25 basis points to 6.5 per cent - our highest cash rate since November 1996.